Iran’s mining industry exports soar by 90% YOY

Iran’s mining industry exported a total of 42.21 million tons of products worth $9.49 billion in the current fiscal year’s first nine months (March 21-Dec. 21) to register a 9.5% and 90.8% year-on-year rise in weight and value respectively, a new report released by the Iranian Mines and Mining Industries Development and Renovation Organization shows.

6 February 2022
ID : 33472
Share
Share with
Telegram Whatsapp
Link

Iran’s mining industry exported a total of 42.21 million tons of products worth $9.49 billion in the current fiscal year’s first nine months (March 21-Dec. 21) to register a 9.5% and 90.8% year-on-year rise in weight and value respectively, a new report released by the Iranian Mines and Mining Industries Development and Renovation Organization shows.

Steel manufacturing chain products (iron ore, semi-finished and finished steel) topped the list of exports in terms of value with an aggregate of $5.28 billion, followed by copper and related products with $1.41 billion and aluminum manufacturing chain products with $541.57 million.

In terms of tonnage, cement and clinker topped the list with 17.61 million tons. The steel category came next with 8.07 million tons, followed by stone and related products with 3.38 million tons.

Exports of the aluminum category saw the biggest jump in terms of value (216% YOY) to reach $541.57 million, followed by direct-reduced iron with $390.06 (up 270% YOY). 

Exports of mica had the highest growth in terms of weight (270%) with 470 tons. Titanium came next (up 169% YOY) with 30 tons and was followed by aluminum products (up 118% YOY) with 216,630 tons.

The IMIDRO report also shows imports related to mining industry stood at 3.1 million tons worth $2.69 billion during the same period to register a 0.8% and 11.4% rise in weight and value compared with the same period of the year before.

The steel category also topped the list of imports in terms of value with $916.3 million, followed by coal and coke with $359.69 million and ferromanganese with $242.1 million.

The value of lead imports saw the biggest jump (up 238% YOY with $1.89 million). It was followed by coke and coal with $359.69 (up 73% YOY) and nickel with $41.40 (up 162% YOY).

The lead category had the highest volume of imports in terms of weight with 780 tons followed by the “pottery, brick, ceramic and tile” category with 43,480 tons (40%) and mica with 1,010 tons (36%). 

Related