Iran Copper Exports Hit $457m in 7 Months
IRAN NEWS ECONOMIC DESK
TEHRAN – The value of Iran’s copper and downstream products has touched over $457.5m in the first seven months of the current year which shows 42 percent decline comparing to the same period last year.
According to the latest data released, the volume of exports of copper and downstream products has been around 100,164 tons in seven months which shows 63 percent fall comparing to the same period last year.
The total export of mineral products in seven months has been around 21.17m tons worth of $3.04b.
The data also shows a 23 percent decline in the value of copper imports. According to the report, the amount of imports of copper and downstream products has been around 732,000 tons which shows 26 percent decline comparing to the same period last year. The value of copper imports has also stood at $8m which indicates 33 percent decline in terms of value.
Studies show that Iran has 4.2 percent of world copper reserves and now by increase of 528m tons of its reserves ranks seventh in the world.
A senior official at Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Iran’s largest metals and mining holding, has recently said that the value of exports for main copper products reached more than $1 billion over the past year.