Iranian Imports Up 10% -Report
June 6, TEHRAN - (Dow Jones)- Iran 's imports increased 10% to $2.2
billion in the first two months of the current Iranian year, which began
March 20, compared with the corresponding period last year, according to
a report issued by the Iranian Customs Administration Tuesday.
Imports of industrial machinery and electrical equipment stood at $439
million and $132 million respectively. Imports of steel products and chemicals
were $175 million and $106 million respectively and wheat imports totalled
$130 million, the report said.
Meanwhile, exports of non-oil goods dropped 33% in value compared to
the same period last year, registering a total of $353 million.
Iran 's High Council of Exports has set a minimum annual revenue target
of $4.4 billion for non-oil exports.
The Planning and Budget Organization, on the other hand, has said Iran
needs to generate at least $40 billion in non-oil exports over the next
five years to sustain a healthy economy.
Non-oil exports have averaged $3 billion a year for the past two decades,
the report said.
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