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Exports secure 69 percent of currency required for imports in Iran

Business Materials 22 October 2011 16:50 (UTC +04:00)

Azerbaijan, Baku, Oct.22 / Trend F.Milad/

Iran has secured 69 percent of the foreign currency required for its imports through non-oil export revenues in the first half of the current calendar year (ended on September 22), deputy minister of industry, mine and trade said.

About 28 percent of the foreign currency required for imports was secured through non-oil exports in 2005, Mehr news agency quoted Hamid Safdel as saying.

The figure increased to 51 percent last year and surged to 69 percent in the first half of the current year.

He made some remarks during a ceremony in Tehran to celebrate the national day of exports.

The target market for Iranian goods consists of 163 countries, he said.

He added that about 37 million tons of goods including gas condensates, worth $20.5 billion, were exported in the first half of the current year. If gas condensates are excluded, 32 million tons of goods, worth $15.6 billion were exported, he said.

He said that about the non-oil products worth $4 billion were exported to ECO member states and goods worth $2 billion to D8 countries.

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