Iran’s mining exports top $11b in 11 months
Iran’s mining industry has shown significant growth in exports, generating $11.1 billion in revenue during the first 11 months of the Iranian calendar year (starting from March 21).
Although there was a five percent decrease in the value of exports compared with the same period in its preceding year, the industry managed to ship 43.8 million tons of various products, marking a four percent increase in weight.
Steel products, representing 46.8% of total exports, accounted for the largest share, valued at $5.2 billion.
Copper and downstream products, other mineral commodities, aluminum products, and iron ore followed as the next largest export categories. Additionally, $317 million worth of cement products were also exported during this period.
Notably, the highest growth in export value was seen in coal and coke, which posted a whopping 874% increase. However, on the import side, 4.1 million tons of mineral products worth $4.5 billion were imported, with steel products accounting for the largest amount at $1.4 billion.
Iran’s mining industry has demonstrated resilience in the face of economic challenges, with exports showing continued growth and diversification, despite a decline in export value