News ID: 233451
Published: 0423 GMT October 27, 2018

TPO official: Iran's non-oil exports increased 100-fold in 40 years

TPO official: Iran's non-oil exports increased 100-fold in 40 years
tasnimnews.com

The value of Iran's non-oil exports has increased 100-fold in the past 40 years, said an Iranian trade official.

Deputy head of Trade Promotion Organization of Iran (TPO), Mohammadreza Modoudi, told a radio program that exports of non-oil products have grown dramatically over the past four decades, Tasnim News Agency reported.

While the value of non-oil exports stood at $500 million in 1977, Iran has managed to raise the figure to $50 billion, the official noted, adding it indicates a 10,000-percent increase.

Despite the constant political and international pressures on the country and the burden of economic sanctions in the past four decades, the pace of exports has not slackened, Modoudi added.

He further stated that in spite of the poor economic conditions in the current Iranian year (March 2018-2019) and fluctuation in foreign currency rates, the value of non-oil exports in the first six months of this year has increased by 13 percent compared to the figure for the corresponding period last year.

In August, figures by the Islamic Republic of Iran Customs Administration showed a 13.7-percent growth year-on-year, in the value of non-oil exports during March 21-August 22, 2018.

The top five export destinations in the five-month period were China, the UAE, Iraq, Afghanistan and India.

The top five exporters to Iran in the same period were China, the UAE, South Korea, India and Germany.

 

   
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Resource: Tasnim News Agency
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