Hormozgan’s Exports Exceed $800m

EghtesadOnline: A total of $805 million worth of commodities produced in Hormozgan Province were exported during the first nine months of the current Iranian year (March 20-Dec. 20), showing a 6% increase compared with the similar period of last year.

News ID: ۷۸۵۷۱۰

05 January 2021

According to Hormozgan Governor General Fereydoun Hemmati, out of the total export value, around $583 million pertained to industrial and mineral goods, $164 million to agricultural products and some $58 million to seafood, IRNA reported.

The official added that total exports from Hormozgan (including those produced in other provinces) stood at around 24 million tons worth $7 billion.

A total of 46 million tons of goods worth $31.5 billion were exported from Hormozgan’s customs terminal in the last Iranian year (March 2019-20) to register a 1% and 91% rise in tonnage and value respectively compared with the previous year.

According to Abolfazl Akbarpour, a local official, non-oil products accounted for 37 million tons worth $22.7 billion of total exports, which indicate a 7% and 121% increase in weight and value respectively.

Iron ore and its concentrate, ethylene polymer, semi-finished steel, coke, bitumen and fertilizers had the lion’s share of exports.

“China, the UAE, Thailand, India, Oman and Ghana were the main export destinations,” the official was quoted as saying by Fars News Agency.

He noted that 8 million tons of goods worth $16.69 billion were imported into the southern province during the same period.

The tonnage and value of imports showed no significant change year-on-year.

The imports mainly included rice, rubber, meat and industrial machinery.

China, Germany, India, Italy and the UAE were the main exporters.

Located 23 kilometers west of the port city of Bandar Abbas, Hormozgan Province borders the Persian Gulf and the Sea of Oman.

It is home to Iran's biggest commercial port of Shahid Rajaee.

More than 68.92 million tons of commodities were loaded and unloaded in this port last year, registering a 1.74% growth compared with the year before.

Non-oil goods accounted for 43.32 million tons and oil products for 25.59 million tons of the total, showing a 0.47% decline and a 5.33% growth respectively year-on-year.

Over half of Iran’s commercial trading is carried out at Shahid Rajaee. The port complex also accounts for over 85% of all container throughput in the country.

According to Mohammad Reza Rezaei-Kouchi, the head of Majlis Development Commission, Shahid Rajaee Port has a 6% share in the region’s total container throughput per annum, ILNA reported.