€56b of export currency returns to Iran's economy

€56b of export currency returns to Iran's economy
News code : ۱۱۲۱۶۸۱

Iran's non-oil exports, excepting gas and petroleum products, stood at 69 billion euros from April 11 to August 22, an Iranian official said, noting that 56.6 billion euros of the amount have returned to the country's economy so far.

Chairman of Iran's Trade Promotion Organization Hamid Zadboom said on Monday the payment process of the remaining money is underway.

Pointing to recent remarks made by President Ebrahim Raisi at the Government Economic Coordination Headquarters, Zadboom noted that increasing collaborations among different executive branches and decision-making bodies will remove obstacles in the way of developing export activities.

President's priority to enhance production of the country for export purposes will improve job opportunity, which will cause economic boom and develop non-oil export, he added.

Foreign trade throughout the world stood at 17.5 trillion dollars in 2020, indicating nine percent decline in comparison to 2019.

The global trade witnessed more than five percent increase in first two seasons of the current year, the official noted, predicting that the number will reach eight percent at the end of 2021.

Thanks to its production and export capabilities especially when it comes to making business with amicable and neighboring countries, the Islamic Republic of Iran can play a key role in international trade , he argued.

Iran's trade exchanges stood at 29 billion dollars in the first four months of the current Iranian calendar year (March 21) until July 22, Zadboom said, noting that the non-oil export increased by 65 percent in terms of value and 27 percent in terms of weight in comparison to similar period last year.

China, Iraq, the UAE, Turkey, and Afghanistan are among the top destinations of Iranian commodities with 4.4, 2.8, 1.6, 0.921, and 0.728 billion dollars of export values respectively, the chairman mentioned.

The Islamic Republic also imported goods mostly from the UAE, China, Turkey, Germany, and Switzerland respectively with the value of 4.7, 3.1, 1.5, 0.562, and 0.538 billion dollars in the same period, he added.

According to the Islamic Republic of Iran Customs Administration (IRICA), some 50.8 million tons of shipments have been exchanged between Iran and other countries in the first four months of the Iranian year, including 38.3 million tons of non-oil exports worth 14.3 billion dollars and 12.5 million tons of non-oil imports worth 14.5 billion dollars.

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