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Iran: Engineering and technical services exports up 661 percent in Q1

Tehran, July 7, IRNA-The Exports Development Organization of Iran (EDOI) said here Wednesday that Iran's engineering and technical services exports has grown by a significant 661 percent in the first quarter of the current Iranian year (started March 20) compared to the same period last year.

The total value of contracts signed by Iranian companies in engineering and technical services were dlrs 550.28 million in the first quarter of this year compared to the figure in the same period in the previous year which stood at 72.235 million, it said.

In addition to the efforts by the exporters themselves, the strengthening of private-based associations, expediting issuance of banking guarantees, and financial and technical support by the EDOI have been impetus for the growing engineering and technical exports of the country, the report added.

An average of 14.9 percent growth is expected in export of services in the Fourth Five-Year Economic Development Plan (March 2005-10).

Export of technical and engineering services will rise to dlrs 10.703 billion in 2010 from dlrs 5.912 billion in 2005.

Diversification of exports and special attention to the service sector can help the country meet its objectives in the fourth five-year and 20-year development plans.

Technical-engineering services is one of the sectors placed in the taxonomy of groups with high technological standard distinction.

Roads, buildings, ports and airports had a share of dlrs 1.198 billion in a total of dlrs 3.306 billion exports of technical and engineering services in recent years, it said.

Iran's non-oil exports topped dlrs 512.5 million in the Iranian month of Farvardin (March 21-April 20) which is over 5.7 percent higher compared to the same period last year, the Customs Administration reported here last month.

Of the figure dlrs 1.8 million and dlrs 42.1 million were carry- on-luggage and border exports, respectively, the report added.

Also, of the total non-oil exports figure, the industry and petrochemical sector's share was the highest - 77.7 percent- followed by agriculture, handicrafts and minerals with 10.2 percent, 6.8 percent and 5.3 percent, respectively, it said.

With the exception of handicrafts and minerals exports, industry- petrochemical and agricultural sectors registered declines in exports in the same period.

Also, the value of non-oil exports topped dlrs 10,724.8 million in the past Iranian year, Customs reports said.

The sum includes carry-on-luggage and border exports and is 23.6 percent higher compared to the year before.

Given that the cabinet ministers forecasted exports of goods and services of dlrs 10,653 million for last year, 100 percent of the goals have been reached, it added.

Also of the figure dlrs 7,141 million consists of goods exports, 3.584 million to service exports and dlrs 454 million to trade from border markets and carry-on-luggage exports, the Customs said.

... Payvand News - 7/7/05 ... --

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