Neighboring countries destinations for 70% of non-oil exports
Iran’s 15 neighboring countries were the destinations for 70 percent of Iranian non-oil exports during the first six months of the current Iranian year (March 20-September 21), the head of Iran’s Trade Promotion Organization (TPO) said on Monday.
Hamid Zadboum noted that the figure was 60 percent and 55 percent in the two previous years, respectively.
According to the official, Iran is capable of doubling non-oil exports to its neighbors in two years.
In May, Zadboum said that considering future capacities, the TPO has planned increasing non-oil exports to neighboring countries to about $100 billion in a two-year time span, in a way that Iran’s share of the regional markets will rise significantly.
He said: “Pakistan and Turkey have the highest capacity to import Iranian goods, which is good news for Iranian businessmen and exporters.”
Pointing to the Persian Gulf states as good markets for some Iranian-made commodities, the official said that large markets such as Russia and China should also be considered by exporters.
Iran shares borders with fifteen countries, namely the United Arab Emirates, Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan, Turkmenistan, Kuwait, Qatar, Kazakhstan, Armenia, Bahrain, and Saudi Arabia whose total value of annual imports exceeds $1 trillion.
Increasing non-oil exports to neighboring countries is one of the major plans that the Iranian government is pursuing in the current Iranian year.
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