Iran’s mineral, mining exports reach $3.7 billion in 4 months

Iran’s mineral, mining exports reach $3.7 billion in 4 months

Monday, August 20, 2018

Persol Iran Oil

Data released by the Islamic Republic of Iran Customs Administration (IRICA) shows that mineral and mining exports stood at $3.763 billion during the first four months of current Iranian year (March 21- July 22).

As the annual exports from this sector is planned to reach $10 billion in the current year (ends March 20, 2019), the four-month export materialized 37 percent of the planned figure, IRNA reported on Saturday.

According to the reports, the total weight of the mineral and mining products exported in the period is equal to 20,917 million tons, with Iraq, China and the United Arab Emirates as the main export destinations accounting for 40 percent of the total exports.

Italy and the Netherlands imported $201 million and $27.9 million of industrial mineral and mineral products, respectively, more than any other European country.

Iran is one of the top 10 mineral-rich countries where 68 types of minerals have been identified so far, including the world’s largest deposits of copper, zinc and iron ore, which are tempting international investors after the lifting of economic sanctions against the country in January 2016.


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