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Value of Iran's foreign trade hit 62.6 billion dollars last year

Tehran, Oct 23, IRNA -- Total value of Iran's foreign trade reached 62.6 billion dollars in the Iranian calendar year of 1382 (2003), including 35.3 billion dollars exports and 27.3 billion dollars imports, Commerce Minister Mohammad Shariatmadari said.

The Persian-language daily 'Siasat-e Rouz' on Saturday quoted Shariatmadari, addressing a ceremony on the occasion of national Export Day, as saying Iran exported 8.8 and 26.5 billion dollars worth of non-oil and oil goods respectively during the same period.

He added the figures for export of non-oil commodities show a 32 percent increase compared to those for the same period of the previous year, saying Iran currently enjoys a plus eight-billion-dollar trade balance.

"Geography distribution of Iran's non-oil exports, previously focused on Europe due to the traditional systems of exports, is currently focused on Asia since 75.5 percent of Iran's total non-oil exports are allocated to Asian states and the share of Europe's markets has been decreased by 18.7 percent," he said.

The minister noted that 53 percent of Iran's exports have been targeted for European states.

Member states of the Organization of the Islamic Conference are among leading markets of Iran's exports and services regarding the country's strategic stand while Persian Gulf Cooperation Council states with 20.5 percent and member countries of the Economic Cooperation Organization with 20 percent stood at the second and third positions as markets of Iran's non-oil exports.

Aiming to boost ties with its neighboring states and beef up security, Iran has exported 27 percent of its non-oil goods to the bordering countries.

Foreign trade with 52 percent has the highest share at gross domestic product, the minister said, adding, the share of non-oil exports in GDP increased from 1.8 percent in 1376 (1997) to 7.3 percent in 1382 (2003).

The figures for exports of services show a 61.6 percent boost during the first six months of current Iranian calendar year (started March 20).

... Payvand News - 10/23/04 ... --

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