TEHRAN (ECOIDEAL)- Iran has considerably increased its exports of mineral and mining products in the first four months of the current Iranian year (March 21, 2018-July 22, 2018) despite the US sanctions re-imposed on Tehran, a customs report said.
"Iran's exports of mineral and mining products stood at $3.763 billion in the first four months of the current (Iranian) year," Iran Customs Administration reported.
The report said that the annual exports from this sector is planned to reach $10 billion by the end of the current year (will end on March 20, 2019), adding that the four-month export materialized 37 percent of the planned figure.
The total weight of the mineral and mining products exported in the period equaled 20.917 billion tons.
Iraq, China and United Arab Emirates as the main export destinations accounted for 40 percent of the total exports.
Italy and the Netherlands imported $201 million and $27.9 million of industrial mineral and mineral products, respectively, more than any other European country.
Iran is one of the top 10 mineral-rich countries where 68 types of minerals have been identified so far, including the world’s largest deposits of copper, zinc and iron ore, which are tempting international investors after the lifting of economic sanctions against the country in January 2016.
Source: Farsnews