TEHRAN (Iran News) –Minister of industry, mine and trade said that the country’s exports registered a 17.7 percent hike in the first 10 months of the current Iranian calendar year (March 21, 2022 to January 22, 2023).
Speaking on the sidelines of the 10th election term of the Iranian Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in Tehran on Saturday, Seyed Reza Fatemi-Amin stated that the country’s imports hit 16.9 percent hike in this period.
Elsewhere in his remarks, the industry minister pointed to the trade statistics and reiterated that the country’s export registered a 17.7 percent growth in the first 10 months of the current year.
Iran imported $5 billion worth of industrial equipment and machinery in 10 months of the previous year in 1400 (from March 21, 2021 to January 22, 2022), the rate of which hit $8 billion in the 10 months of the current year (March 21, 2022 to January 22, 2023), Fatemi-Amin added.
Despite tough sanctions imposed against the country, economic activists managed to take giant strides in realizing most economic objectives, he said, adding that the Ministry of Industry is ready to throw its weight behind economic activists of the country in line with spurring exports and export activities.
Meanwhile on Saturday and addressing a conference on enterprise, technology and economic growth, Fatemi-Amin said that the production trend in the country is very good and according to the statistics, the country has witnessed a good growth in the mine and industry sector, adding that the seasonal growth in the mine sector was minus 3.7% last summer while the figure has improve to positive 2.6% in the autumn.
He added that the seasonal growth in the industry was 2% in last summer while it has reached 5% in this year’s autumn. He added that the growth in the industry sector in the first nine months of this year has been more than the same period last year and even more than average economic growth of the country and has been 5% and the statistics show that the upward trend continues.
Fatemi-Amin noted that in the past the focus was on the industry sector and it was supply-oriented but today the approach has shifted to the demand-oriented and the production is based on the demand and the knowledge-based industry is on the rise.