News ID: 253004
Published: 0244 GMT May 18, 2019

Iran mineral exports top $500m

Iran mineral exports top $500m

Iran exported 4.384 million tons of minerals and related products worth $503 million during March 21-April 20 which indicate 16 percent of rise and 17 percent of drop in terms of weight and value, respectively.

According to data released by on Saturday, cement (1.5 million tons), iron ore, concentrate and pellet (1.292 million tons), steel and steel products (590,000 tons) were the main exported items of mine sector during the period.

The report added that steel with $224 million, iron ore with $81 million, copper with $43 million and aluminum with $6.7 million were the main exported metal industries related minerals and products during the one month.

According a report by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran exported minerals worth more than $9.22 billion in the year to March 20.

The IMIDRO report added in this period, steel production chain accounted for the greatest share of the country’s overseas sales of minerals by exporting $4.1 billion worth of its products.

The report put the weight of mineral exports in this time span at 57.7 million tons, indicating a five percent decrease year-on-year.

In the same period, Iran’s steel industry exports witnessed a 17-percent growth in terms of value. The weight of the industry’s overseas sales reached 8.9 million tons in this duration to show a three percent increase.

The value of domestic copper and downstream industries’ exports in this time span grew 13 percent to stand at $917 million, ranking second in the overseas sales of the country’s mining sector.

In addition, during March 2018-March 2019, Iran’s cement, iron ore concentrate, stone, zinc and lead exports amounted to $420.25 million, $380.95 million, $342.13 million, $255.81 million and $128.1 million respectively.

During the 12-month period to March 2019, Iran exported coal and coke ($72.61 million), chromite ($55.46 million), molybdenum ($32.94 million), brick, tile and ceramic ($11.44 million), alumina powder ($160,000), titanium ($390,000), antimony ($1.78 million), precious metals and stones ($160,000), mica ($40,000), nickel ($30,000) and other minerals ($1.35 billion).

In this period, Iran imported 3.64 million tons of minerals and mining industry products valued at $3.57 billion, showing a 41 percent and a 34 percent decline in terms of weight and value compared to the figures for the same time span a year ago.

Main imported minerals in this period were steel chain products ($1.28 billion), copper and downstream products ($17.42 million), aluminum ($217.63 million) and coal and coke ($202.23 million).

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