Iran Exports of Value-Added Products on the Rise

EghtesadOnline: Despite the decline in the volume of Iran’s non-oil exports during the first five months of the current fiscal year (March 21-Aug. 22), export revenues have increased.

News ID: ۷۸۳۹۷۲

10 September 2018

Hamid-Reza Salehi, the deputy head of Iran Chamber of Commerce, Industries, Mines, and Agriculture’s Exports Commission, added that more products with added value than raw materials have been exported from Iran during the period, according to Financial Tribune.

Iran’s exports, excluding crude oil, mazut, kerosene and suitcase trade, hit 46.29 million tons worth $19.31 billion during the five months to August 22, indicating a 2.94% decrease in weight and a 13.7% increase in value year-on-year, according to the latest report by the Islamic Republic of Iran Customs Administration.

“With foreign exchange rates adjusted based on their real values, exporters can increase competitiveness in foreign markets,” Salehi was quoted by IRNA as saying.