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    Estimating value of Iran’s mineral exports since beginning of 1400

    شناسه : 52446 13 مرداد 1400 - 11:30
    Data released by the Customs Administration of the Islamic Republic of Iran (IRICA) show that the value of Iran's mineral exports in the third solar month of June (May 22-June 21) was $ 1.29 billion, which is an unprecedented record. The mining sector in Iran should not be overlooked by the authorities. It seems that mines alone can replace the sale of oil and Iran's oil economy.
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    The value of Iran’s mineral exports has jumped significantly since the beginning of this year. Different reasons can be considered for this issue. But the most important factor in this is the reduction of US austerity in Iran’s trade until the status of Borjam is determined. Conditions for foreign businessmen improved after the Trump administration. This issue has had a significant impact on Iran’s mining trade since the beginning of this year until today. In the following, we will examine this issue. Please be with Artan Press.

    *** Customs statistics on the value of Iran’s mineral exports

    Data released by the Customs Administration of the Islamic Republic of Iran (IRICA) show that the value of Iran’s mineral exports in the third solar month of June (May 22-June 21) was $ 1.29 billion, which is an unprecedented record. IRICA data show that steel in the third month of this year 65.9%, copper 11.6%, zinc 3.2%, sponge iron 3%, aluminum 2.9%, cement 2%, pellets 1.4% and other products of mining and mineral industries 10% export share To devote to themselves. According to data from the Ministry of Industry, Mines and Trade, Iran’s mining industry recorded a positive trade balance of $ 4.271 billion last year (at the end of March 20).

    *** Significant record of minerals in production and export

    According to the data, 55.124 million tons of minerals and mineral products worth $ 7.682 billion were exported last year. Imports of such products were only $ 3.410 billion. As reported, the Islamic Republic imported 4.156 million tons of minerals and inorganic products in the year under review, which in terms of value and weight increased by six percent and 13 percent, respectively, compared to last year.

    Exports of such goods in the previous year in terms of value decreased by 11% and in terms of weight by 21% compared to the previous year. With exports of $ 4.127 billion, Foolad has the largest share in the export basket of Iran’s mineral products (53.7%), followed by copper, cement and zinc chain products. This growth in the value of Iran’s mineral exports was unprecedented at the time of the sanctions.

    *** Iran’s plan to increase the value of mineral exports

    In line with Iran’s main plans to distance the country’s economy from oil and move towards a resistance economy without oil, the mining sector has become one of the main areas of interest in recent years. The value of Iranian mineral exports can replace the oil economy. Because our country is one of the top 10 countries in the world. Mineral-rich countries have so far identified 68 types of minerals, including the largest reserves of copper, zinc and iron in the world. Expanding and exploiting these huge sources of revenue has become a top priority for the government in recent years, and various programs have been defined to improve the industry.

    *** Proposed solutions to increase the value of Iran’s mineral exports

    In order to increase the value of mineral exports, written programs must be prepared. Rehabilitation of small unemployed mines, increase of export tariffs of some raw minerals, definition of new exploration projects, signing of memorandums with domestic and foreign producers, modernization of the country’s mining equipment and machinery and allocation of funds to complete semi-finished projects are just some of the necessary measures. Is the domain. Iran to increase its export capacity from the mining sector to $ 10.5 billion by last year.

    But restrictions on the spread of the corona virus prevented this goal from being achieved. The value of Iran’s mineral exports, if this field flourishes, can give a very dramatic boost to Iran’s economy and industry. This area strongly needs strengthening and support from the authorities.

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