Iran Registers $3 Billion Mineral Trade Surplus

(Monday, April 16, 2018) 13:05

Iran exported more than 60.2 million tons of mineral products worth over $8.9 billion in the last fiscal year (ended March 20, 2018), down 7.8% in tonnage and up 3.2% in value compared to the year before.

Imports during the same period stood at 5.88 million tons worth $5.03 billion, dropping 9.6% in tonnage and rising 17.5% in value year-on-year, according to the Iranian Mines and Mining Industries Development and Renovation Organization's latest report, which draws on the Islamic Republic of Iran Customs Administration's data.

Mineral exports accounted for 46% and 19% of Iran’s overall trade, as imports made up 15% and 9.3% of total imports in terms of volume and value respectively.