Iran's non-oil exports are expected to decline; Expert
Chairman of Iran-China Joint Chamber of Commerce Majid-Reza Hariri told that it is not possible that Iran's non-oil exports to hit $50 billion by the end of the year.
In an exclusive interview with ILNA news agency, the Iranian official said “Due to severe border restrictions and a sharp decline in world purchasing power, we cannot expect Iran's non-oil exports in reaching its targets and hit the value of $50 billion.”
Referring to the international economic crisis is provoking a deep and prolonged downturn in the world economy, he added that about 50 percent of Iran's non-oil exports were exported to countries such as India, China, and Turkey but now with sharp declines in world energy prices and declining global demand, our exports in this sector have also declined sharply.
“Therefore, exports in this sector are expected to decrease by $10 to $12 billion.”
The economic analyst stressed that in order to achieve the $ 50 billion export goal, it is necessary to either find a new export market or increase the composition and production of goods, but in the current situation, none of this is possible.
The head of Islamic Republic of Iran Custom Administration (IRICA) said last week that despite the U.S. sanctions Iran managed to export commodities to 128 countries in the past Iranian calendar year (ended on March 19) while importing from 112 trade partners.
As reported, Iran exported non-oil commodities to 40 European countries, 21 Asian countries, 28 African countries, and 12 American countries, while importing from 41 European countries, 31 Asian countries, 12 American countries, and 11 countries in Africa.
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