Exports of mineral products surpass $6.3b in H1: IMIDRO
Iran’s exports of mining and mineral industries products topped $6.3 billion in the first six months of the current Iranian calendar year (March 20-September 21), registering a one-percent drop in terms of value compared to a year earlier, according to the Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO).
IMIDRO stated that Iranian companies active in the mining and mineral industries sector exported over 30.477 million tons of products, valued at $6.331 billion, in the six months to September 21, reported IRNA on Wednesday.
According to IMIDRO figures, the country had exported 30.492 million tons of mining and mineral industries products during the first six months of previous Iran year (March 21-September 22, 2023).
The largest share of export was related to the production chain of three metal products of steel, aluminum and copper, amounting to 15.855 million tons worth $4.882 billion.
Also, during March 20-September 21, 2024, about 2.134 million tons of various minerals, valued at $4.612 billion, were imported into the country to meet the demands of domestic factories, indicating a 19-percent in weight terms while registering 55 percent of increase in terms of value, compared to corresponding figures of last year.
According to IMIDRO, the value of Iran’s export of minerals in the previous Iranian year stood at $13.7 billion, registering a nine-percent increase compared to a year earlier.
The report added that $7.3 billion worth of the mining and mineral products were imported into Iran from March 2023 to March 2024, showing a 35% rise compared to a year earlier.
Iran is one of the top 10 mineral-rich countries in the world. Having 15,000 mining areas, Iran has the sixth largest zinc, seventh largest copper, ninth largest iron ore reserves, and fifth largest gypsum and barite reserves globally. It also has 3% of the world’s total lead and zinc reserves, and huge coal reserves. Other mineral products such as chromate, and manganese are also found in different regions of Iran.