Iran has decreased its raw iron exports nearly by six times in seven years to help a booming steel industry.
Iran witnessed its exports of metals grow in the year ending in March 2020, as the country keeps earning more from the sector despite US trade bans.
Total exports of Iran’s largest steel mill companies hit 1.7 million tons in the first five months of the current Iranian year (March 20- August 21, 2020).
Iran exported $2.5 billion worth of non-oil commodities to its Arab trade partners during the first five months of the current Iranian year.
Semnan province announced that a total of 96,000 tons of non-oil goods have been exported from the province since the beginning of the current Iranian year.
Iran's exports of goods, excluding crude oil, reached nearly $11 billion in terms of value in five months ending late July.
Iran exported more than $152.89 million worth of sweets, chocolates, and biscuits to 56 countries in the first four months of the current Iranian year.
Head of Iran Trade Promotion Organization says non-oil export is the only way for cutting dependence on oil revenues and the country has potential to increase its non-oil exports to $100b due to the needs of neighboring states.
Iran’s foreign trade value hit $19.635 billion in the first four months of the current Iranian calendar year (from March 21 to July 22).
Iran exported more than $5 million worth of flowers and plants in the first three months of the current year (from March 21 to June 22).