Sharp Rise in Iran’s Exports of Mineral Products

Iranian companies active in mining and mineral sector exported US$7 billion worth of mineral products during the first seven months of the current year, registering a 105% hike. Iran’s export of minerals to other countries in the first seven months of the current year (from March 21 to Oct. 22) showed a significant 105% growth as compared to the last year’s corresponding period.
According to the report, 31,084,000 tons of minerals were exported from the country, valued at more than US$7 billion during the first seven months of the current Iranian calendar year, indicating a 105% and 9% growth in terms of value and weight respectively. The growth of global prices caused the export of Iranian mining and minerals to exceed US$7 billion in this period. The highest value of exports in terms of value is allocated to steel chain and related products which stood at US$4   billion accounts for 57.3% of the country’s total exports.

According to the report, Iran imported US$1.96 billion worth of mining and mineral products from March 21 to Oct. 22, showing an 11% hike as compared to the last year’s corresponding period. Iran has 81 various types of mining and mineral products which accounts for 0.8% of the world’s total reserves. In addition, the country’s reserves of copper mine ore stand at 2.6 billion tons which accounts for 0.4% of the world’s total copper reserves. - Mehr