More Entities Engage in Export Business

EghtesadOnline: Over 8,000 traders were involved in export business during the first seven months of the current year (March 21-Oct. 22), indicating that 1,100 more companies have tried their hand compared with the same period of last year, the outgoing head of Trade Promotion Organization of Iran said.

News ID: ۷۴۶۲۵۷

21 November 2018

Mojtaba Khosrotaj added that exports of 300 companies were more than $10 million each during the period, adding that their overall exports reached $20.8 billion, which constituted 77% of the country’s overall exports during the seven months.

"There are both state-run and private sector companies among these companies. A number of private sector companies have exported more than $10 million worth of non-oil goods each,” Financial Tribune quoted him as saying.

Exports, excluding crude oil, mazut, kerosene and suitcase trade, hit 67.36 million tons worth $27.22 billion in the seven-month period, indicating a 1% decline in weight and a 13% increase in value year-on-year, the Islamic Republic of Iran Customs Administration reported.

Khosrotaj said exports of about 2,000 traders exceeded $1 million during the period, which accounted for close to 96% of the country’s total exports.

"The overall value of exports by traders with less than $1 million worth of exports was around $1 billion whereas the value of exports by major companies [those with exports above $100 million each] was nearly $15 billion during the period, suggesting that they accounted for 55% of overall exports," he said.

Khosrotaj put the number of companies active in non-oil exports last year (March 2017-18) at 9,166, Mehr News Agency reported.