Mineral sector exports near $8.8b in eight months: IMIDRO
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced on Saturday that the mineral sector exported approximately $8.8 billion worth of products in the first eight months of the current Iranian year.
Between March 20 and November 20, Iran exported 41.791 million tons of mineral and mining products, valued at $8.799 billion, as reported by IRNA.
In the same period last year, exports totaled 41.144 million tons worth $8.552 billion which indicates a 2% increase in weight terms and a 3% increase in value terms.
The majority of exports during the eight months to November 20, stemmed from three product categories: steel, aluminum, and copper, totaling 21.519 million tons valued at $6.767 billion.
Imports for the mineral sector in the first eight months of the year also reached 2.893 million tons, valued at $7.496 billion.
In the corresponding period last year, imports were 3.558 million tons valued at $4.205 billion, indicating a reduction of about 19% in tonnage but a 78% increase in the value of imports.