“The significance of the port lies in the fact that it is located at the mouth of the Strait of Hormuz where nearly 50,000 vessels of different countries sail annually,” ILNA also quoted Mohammad Saeednejad as saying. Some 44 million tons of goods worth more than $11.14 billion were exported from and nearly 10 million tons worth $18.65 billion were imported to Iran via the major Iranian port last year, registering a 44% and 12% growth in tonnage and value respectively year-on-year, Financial Tribune reported.