TEHRAN- The value of non-oil export from Fars province increased 12 percent in the first 10 months of the present Iranian fiscal year (March 20, 2024-January 19, 2025), as compared to the same amount of time in the previous year, a provincial authorities announced.Mohammad-Sadeq Hamidian, the head of the provinces Chamber of Commerce, Industries, Mines, and Agriculture, stated that 3.435 million tons of non-oil items valued at $1.136 billion were exported from the province in the ten-month period, likewise suggesting 15 percent growth in terms of weight, year on year.As formerly revealed by the head of the Islamic Republic of Iran Customs Administration (IRICA), Irans non-oil exports reached roughly $48 billion in the very first 10 months of the current Iranian year, marking an 18 percent increase compared to the very same duration last year.Foroud Asgari stated the countrys overall foreign trade during this duration totaled up to 158.18 million lots, valued at $103.85 billion.Out of this, exports accounted for 127.4 million heaps worth $47.76 billion, showing a 12 percent increase in volume and an 18 percent boost in value.China stayed Irans top export location with $12.3 billion in imports, followed by Iraq ($10 billion), the United Arab Emirates ($5.9 billion), and Turkey ($5.5 billion).
During the same duration, Iran imported 30.78 million lots of products worth $56 billion, showing a 3.0 percent reduction in volume however a 3.0 percent increase in worth.
Significant imports consisted of $6.3 billion in gold bullion, $2.3 billion in animals corn, $1.8 billion in smart devices, and $1.6 billion in soybean meal.Asgari mentioned that the UAE was Irans leading source of imports with $17 billion, followed by China ($14.4 billion), Turkey ($9.9 billion), and Germany ($1.9 billion).
He likewise kept in mind a sharp boost in cars and truck imports, with 41,297 vehicles worth $877 million entering the nation, marking a 709 percent rise in amount and a 744 percent increase in value compared to the same duration last year.Asgari, who also acts as deputy economy minister, highlighted the role of trade in reinforcing the nationwide economy in the middle of ongoing international sanctions.The 11th session of the Supreme Council for the Development of Non-Oil Exports was held after a four-year hiatus, with the participation of Irans very first vice president on January 1.
In a special interview with IRIB, Alireza Dehghan Dehnavi, head of Irans Trade Promotion Organization (TPO), highlighted the significance of this council, which had actually been non-active for almost four years.He noted that the council had actually played a key function in nationwide decision-making procedures before falling under disuse.Dehnavi described that the revival of the council was triggered during this years National Export Day event, where Masoud Pezeshkian instructed its reactivation.With the efforts of the federal government and the assistance of the very first vice president and the minister of market, mining, and trade, the foundation for the councils return was laid, culminating in its 11th session.The session, chaired by First Vice President Mohammad Reza Aref, brought together all council members to discuss pressing trade problems.
The conference concentrated on 3 main locations: The council examined the statistical efficiency of the nations non-oil exports.
Dehnavi acknowledged that Irans non-oil trade balance has been unfavorable in recent years, with a $17 million deficit tape-recorded last year regardless of a favorable general trade balance.
The Vice President entrusted the TPOI with reversing this trend by improving non-oil exports.The council determined several obstacles impeding foreign trade, including excessive regulations, insufficient facilities for exports (such as transportation and customs facilities), and challenges in export-related policies.Dehnavi emphasized the need to align financial and trade policies, as the former has frequently overshadowed the latter.
The council dealt with to reform trade policies to attend to these issues.Several propositions were approved, consisting of holding routine council sessions and establishing provincial export advancement task forces led by governors.
These efforts intend to make export promotion an across the country campaign.The council likewise talked about a strategic roadmap free of charge trade zones, aiming to transform these locations into export hubs.
The TPO is preparing this file with council support.Additionally, partnership with the private sector was stressed to identify and implement high-impact export projects.Other subjects consisted of reforms in re-exports and short-lived imports, with a task force making up custom-mades, agriculture, health, and trade companies formed to streamline processes.
The prices of export goods at customizeds was likewise discussed, with calls for a review to improve coordination amongst export-related bodies.The session concluded with strategies to develop specialized commissions to preserve continuity between council meetings and make sure efficient decision-making in foreign trade.MA