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Iran's non-oil revenues jump 24%.

Non-oil exports have grown by 24 percent during the first five months of the current Iranian year (March 20-August 21)

Speaking to Fars News Agency (15th Sept), head of Iran's Customs Administration Abbas Memarnejad said Iran has exported $15.7 billion worth of non-oil products, excluding gas condensates, which shows a 24 percent increase compared to the same period last year.

He added that non-oil exports, including gas condensate, decreased by 12 percent as Iran exported $50 billion worth of non-oil products last year. Iranian officials have underlined that the country plans to increase its non-oil exports to over $70 billion by the end of the current year. Last December, Iranian President Mahmoud Ahmadinejad lauded the country's growing non-oil exports, and said non-oil exports will equal its imports in the current year.

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Publication:CPI Financial
Geographic Code:7IRAN
Date:Sep 16, 2012
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