Economy

Iranian Mines Account for 16% of Non-Oil Exports

Iran’s Ministry of Industry has announced that Iranian mineral products and industries accounted for 16.5% of the country’s non-oil exports last year.

In the previous Iranian calendar year (ended March 19), the export volume for the mining and mineral industry sector of Iran surpassed $7bn, with steel making up the largest share (38%).

Meanwhile, cement enjoyed a total of 10.4% of the total exports, followed by iron ore (7.4%), copper and its downstream products (4.1%), aluminium (3.2%), as well as zinc and lead (3.1%).

During the same time period, foreign trade value of the mining industries sector reached $11.4bn, of which $4.4bn belonged to the imports in the sector.

Steel took 68% of the imports and exports of mineral products, followed by cement (7.7%), iron ore (2.9%), copper (2.7%) and aluminium (nearly 2%).

Of the 10 countries which imported Iran’s mineral products and industries in the previous year, Iraq (18%), China (15%) and India (14%) accounted for the largest shares, respectively.

On the other hand, among the 10 countries which exported their mineral products to Iran, it was China which ranked first, enjoying 33% of the share, followed by the UAE (19%) and South Korea (14%).

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

Recent Posts

NAM condemns Israeli violation of Iran’s sovereignty, territorial integrity

The Non-Aligned Movement (NAM) has strongly censured Israel’s attack against Iran that killed five people…

24 mins ago

UN warns of humanitarian crisis in northern Gaza

Stephane Dujarric, the spokesperson for United Nations Secretary-General Antonio Guterres, has cautioned that Israeli authorities…

4 hours ago

Iran FM urges EU to ‘make up for mistakes’, reverse airline sanctions

Iranian Foreign Minister Seyed Abbas Araghchi has called on the European Union to go back…

4 hours ago

UNRWA ban ‘will not make Israel safer’: WHO chief

The chief of the World Health Organization, Tedros Adhanom Ghebreyesus, has denounced Israel’s decision to…

5 hours ago

IRGC: 10 terrorists eliminated, arrested in southeastern Iran

Iran’s Islamic Revolution Guard Corps (IRGC) announced on Tuesday it has killed four terrorists and…

6 hours ago

Russian rocket launches Iranian satellites into orbit

A Russian rocket carrying a payload of satellites into orbit – including two from Iran…

6 hours ago