News ID: 208725
Published: 0322 GMT January 24, 2018

Minerals fetch Iran highest revenue

Minerals fetch Iran highest revenue

The mining sector recorded the highest growth among the sub-sectors of Iran's non-oil economy in terms of value of exports in the fiscal year which began on March 20, 2017, according to the data, released by Trade Promotion Organization of Iran.

Iran exported mineral products valued at $1.3 billion during the nine months from March 20, 2017 to November 21,2017, registering a growth of 31 percent year-on-year, Trend News Agency reported.

However, the volume of the exports (21.2 million tons) was one percent less than the amount for the same nine-month period of 2016.

Iran also exported industrial products valued at $12.485 billion during the nine-month period which made up 39.5 percent of country's overall non-oil exports including gas condensates.

The value of the industrial exports witnessed a fall by one percent, year-on-year.

The Islamic Republic exported 31.711 million tons of industrial products, indicating a six-percent decline year-on-year.

Petrochemical products ranked second among Iran's non-oil exports in the period. During the nine-month period, Iran's petrochemical exports fell by 7.7 percent to $9.584 billion.

Meanwhile the volume of petrochemical exports registered a fall by 15.15 percent to 19.617 million tons in the same span of time.

Iran exported 12.996 million tons of gas condensate, worth $5.098 billion, which, compared to the same period last year, indicates a three-percent decrease in volume and value.

Agricultural products stood next accounting for 8.9 percent of the total non-oil exports in terms of value.

The value of Iran's agricultural exports amounted to $2.819 billion, which is five percent less, year-on-year.

The volume of the exported agricultural products was 3.024 million tons, which is 13 percent less compared to the figure for the same nine-month period of the preceding year.

The Islamic Republic also exported hand-made carpets and handicrafts valued at $345 million in the nine-month period which is 30 percent more year-on-year.

Handwoven carpets and handicrafts, minerals and industrials were the only products among Iranian exports that witnessed a growth in value compared to the figure for the preceding year.

In the nine-month period, Iran's total non-oil exports, including gas condensate, stood at $31.64 billion, indicates a decline of 2.4 percent.

Resource: Trend News Agency
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