TEHRAN (ecoideal)- Iran has managed to attract over $5 billion in direct foreign investment (FDI) in 2017 which showed a considerable increase compared to 2016, a UN report said.
"Iran has attracted $5.019 billion in direct investment last year which increased by 50 percent as compared with the previous year," the United Nations Conference on Trade and Development (UNCTAD) reported.
The annual report, issued by the UNCTAD, a permanent intergovernmental body established by the United Nations General Assembly in 1964, details the latest developments and data concerning foreign direct investments (FDI) around the globe.
The report said that following the removal of anti-Iran sanctions in 2015, Iran attracted huge sums of foreign investment in the areas of exploration and production of oil, gas, and other by-products of petroleum.
In a relevant report, a customs report said that Iran's non-oil exports to other countries exceeded $900 million in the first two months of the current Iranian year (March 21, 2018-May 21, 2018).
"Iran non-oil exports registered a $942 million positive balance showing a 22 percent growth as compared to last year's corresponding period," Iran's Customs Administration reported.
According to the report, in a two-month period from March 21 to May 21, exports of various commodities except gas condensates and petrochemicals increased by 40.54 percent reaching to $4.391 billion. Meanwhile petrochemical exports increased by 1.19 percent reaching to $2.318 billion and gas condensate exports grew by 10.54 percent reaching to $1.29 billion.
The main buyers of Iranian goods during the two-month period were China with $1.451 billion, the United Arab Emirates with $1.371 billion, Iraq with $1.162 billion, Afghanistan with $577 million and India with $460 million and the other countries with $2.718 billion.
The main exporters of commodities to Iran during the mentioned period of time were China with $1.736 billion, the United Arab Emirates with $986 million, South Korea with $423 million, Germany with $357 million, and Turkey with $353 million.
Source: Farsnews