Exports to Rise by March 20 after Operation of Petchem Projects

TEHRAN, July 24 (Shana) – Director General of the Cargo Exports Department at the Trade Development Organization Mahmoud Bazari said on Sunday that undoubtedly, Iran’s exports will rise once petrochemical projects are operational by end of the second half of this year (started on March 20).

Bazari said export of major oil based products has thus far had 64.5 percent increase in weight.

He said in the first three months of this year, exports fetched the country 8.8 billion dollars.

Export of goods, minus gas condensates, showed growth of four percent in value and of 21 percent in weight, compared to the figures in the same period the previous year.

The official said in the period under study the group of industrial goods showed growth but the petrochemical and agricultural products started declining as a result of fluctuations in oil prices and fall in global prices of certain goods.

As for exports of minerals, Bazari said $1.814 billion wroth exports were registered in the period, showing 37 percent progress.

Elsewhere in his remarks, Bazari referred to export of petrochemical products and said the exports fell by 13 percent due to oil price decline and decreasing value of products. The oil based items’ exports rose by 64.5 percent in weight but two percent growth in value, he noted.

As for chemical substances, the exports rose by 12.6 percent in weight but eight percent in value, he added.

News Code 265582

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