The value of Iran’s export of minerals and mining products rose 16 percent in the first month of the current Iranian calendar year (March 21-April 20), as compared to the first month of the previous year, according to the data released by Iranian Mines and Mining Industries Development and Renovation Organization.
The IMIDRO’s data put Iran’s value of minerals and mining products export at $866.2 million in the first month.
The country’s export of minerals and mining products fell 14 percent in terms of weight in the first month of this year, from that of the same month in the previous year.
As previously announced by an official with Iran’s Trade Promotion Organization (TPO), Iran exported around $10.532 billion of minerals and mining products in the previous Iranian calendar year 1400 (ended on March 20), registering an increase of 91 percent year on year.
According to Head of TPO’s Minerals and Mining Industries Desk Elaheh Mokri, the exports amounted to 9.15 million tons in weight, showing a 12-percent rise compared to the year 1399.
Steel ingot with $4.156 billion worth of exports was the top exported item in the previous year, followed by long steel products with $1.621 billion, copper cathodes with $1.357 billion, aluminum ingots with $607 million, and flat-rolled steel products with $494 million, zinc ingots with $477 million, iron ore and concentrate with $280 million and sponge iron with $238 million worth of exports, she said.
The above-mentioned products with a total value of $9.230 billion accounted for approximately 87.6 percent of the total exports of metals and minerals in the year 1400, the official said.
Having 81 different types of minerals, Iran is one of the top 10 mineral-rich countries across the globe. In this regard, the Iranian government has been seriously pursuing several programs for promoting the mining sector as a major contributor to the country’s economic growth.