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 (March 20-August 21, 2020), announced the director general of Iran’s Trade Promotion Organization (TPO)’s Office of Arabian and African Countries.
Iran’s ministry of trade (MIMT) has said in its latest monthly report that the country’s exports of goods, excluding crude oil, reached nearly $11 billion in terms of value in five months ending late July.
Iran’s exports to Iraq are increasing compared to initial months of the spread of the coronavirus pandemic in the Middle East beginning late February said a senior Iranian businessman in charge of coordinating Iran-Iraq trade ties.
Pointing to the operation of Iran’s sixth and ninth gas transmission lines, Oil Minister Bijan Namdar Zanganeh said on Monday that Iran’s total gas export capacity increases to 80 million cubic meters (mcm) per day.
Goods worth over $13 million were exported from a border market in the eastern Iranian province of South Khorasan during the first quarter of the current calendar year (March 20-June 20), a provincial official said.
Export expectations in the manufacturing sector of Europe’s largest economy rose in July, with the automotive industry among the biggest winners, the Ifo institute said, in a boon for a sector that has been hit hard by the coronavirus pandemic.
Iranian President Hassan Rouhani stressed the need to boost the export of non-oil products as a strategy to strengthen the economy, saying trade ties with neighboring countries is a main priority of his administration.
Iranian steelmakers exported 1,041,000 tons of steel ingots (billet, bloom and slab) during the first three months of the current Iranian year (March 20 to June 20), according to data by the Iranian Steel Producers Association (ISPA).