60,500 Tons of Cement Exported to Kuwait
IRAN NEWS ECONOMIC DESK
TEHRAN – The first shipment of 60,500 tons of cement was exported to Kuwait from Iran’s Parsian city.
The governor of Hormozgan, Fereydoun Hemmati, announced the value of this export consignment as more than one million and 496,000 dollars and added: The export of cement from Parsian has been done to obtain currency in the conditions of sanctions and also to realize the non-oil economy.
Hemmati said: The consignment was exported by 2 vessels with a total tonnage of 33,500 tons.
A total of $31 million worth of non-oil commodities were reportedly exported from Iran to Kuwait during the first quarter of the current fiscal year (March 20-June 20), to register a 40% decline compared with the corresponding period of last year.
According to Director General of Trade Promotion Organization of Iran’s Arab-African Affairs Office Farzad Piltan, the decline in exports is due to the lack of direct contacts between Iranian and Kuwaiti business leaders, as well as obstacles to visa issuance for small-scale exchanges, IRNA reported.
Iran’s exports to Kuwait in the last fiscal year (ended March 19) stood at $180 million, indicating a 26.87% drop compared with the year before (March 2018-19).The outbreak of coronavirus should be blamed for the decline in trade.