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Iran's non-oil exports at $20 billion

Press TV -- Iran's Vice President for Executive Affairs, Ali Saeedlou For the first time in the country's history, the ratio of non-oil exports to imports has reached 50 percent, senior Iranian official says.

Iran succeeded in exporting $18.803 billion worth of goods and services during the first 11 months of the current Iranian year (starting March 21, 2007), which shows a 9.15 percent rise from the same period of the preceding year, IRIB quoted Ali Saeedlou, Vice President for Executive Affairs, as saying.

It is predicted that by the end of the year Iran's non-oil exports, including liquefied natural gas (LNG), will reach $20 billion, topping the goal set in the country's fourth development plan, he added.

Measures aimed at removing trade obstacles, enhancement of private sector activities and government efforts in providing economic stability and business security have been among factors giving a big push to exports, he said, adding that exports in the past 11 months had seen an increase of 9 percent in terms of weight, reaching 37.027 million tons.

Iran's imports during the past 11 months stood at $41.414 billion in value and 35.394 million tons in weight, which, compared to the same period a year ago, represents a reduction of 8.4 percent in weight and an increase of 11.6 percent in value, he said, adding, "Total imports are estimated to reach $44 billion by the end of the current Iranian year."

Half of the country's imports have been financed by earnings from export of non-oil goods and services, which, he said, was an unprecedented development in the country's recent economic annals.

... Payvand News - 03/18/08 ... --

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