TEHRAN (Iran News) – Iran’s non-oil exports reached $65 billion in one year. In a meeting with exporters in Qazvin province, Hamid Zadboum said that Iran’s foreign trade stood at 41.3 billion dollars last Iranian year (March 2019-March 2020), predicting that it would reach 70 billion dollars in the current year once figures are concluded.
He said that the country needs to increase non-oil exports to avert adverse impacts of the US sanctions due to the non-stop endeavor by exporters.
Zadbout hoped that Iran would see a surge in non-oil exports next year.
The value of Iran’s non-oil exports to its 15 neighbors stood at $16.6 billion during the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021).
The country has imported 14.4 million tons of non-oil goods worth $14 billion from the neighboring countries in the mentioned 10-month period.
As stated by the head of Iran’s Trade Promotion Organization (TPO), the country is capable of doubling non-oil exports to its neighbors in two years.
Hamid Zadboum has said that considering the future capacities, the TPO has planned to increase non-oil exports to the neighboring countries to about $100 billion in a two-year time span, in a way that Iran’s share of the regional markets will significantly go up.
Iran shares borders with fifteen countries, namely the United Arab Emirates, Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan, Turkmenistan, Kuwait, Qatar, Kazakhstan, Armenia, Bahrain, and Saudi Arabia whose total value of annual imports exceed $1000 billion.
- source : IRNA