Mineral Trade Surplus Hits $5.6b in Iran

Iran's trade of mineral products recorded a $5.65 billion surplus in the last fiscal year (ended March 20, 2019).

The country exported 57.7 million tons of mineral products worth $9.22 billion during the period, down 5% and 2% in tonnage and value respectively compared to the year before.

Imports stood at 3.34 million tons worth $3.57 billion, down 41% in tonnage and 34% in value year-on-year, the latest report of the Iranian Mines and Mining Industries Development and Renovation Organization shows.

IMIDRO's previous report showed that Iran registered $5.05 billion in mineral trade surplus during the 11 months to Feb. 19.

Mineral exports had a 49% and 21% share in tonnage and value respectively of Iran’s total exports during the 12-month period, while mineral imports had a 12% and 9% share in tonnage and value of Iran’s total imports respectively YOY.