Iran's mining and industrial mineral have recorded exports exceeding 1 billion dollars for the second consecutive month. Over the first three months of this year, the total export value in this sector has reached an impressive 3.33 billion dollars, indicating a notable annual growth rate of 7%. The country's steel chain has secured its position at the top, with exports amounting to $1.65 billion, showcasing an impressive growth of 7% in value and a remarkable 20% increase in weight. Following closely is the iron pellets category securing the second position with $262 million in exports, experiencing a remarkable surge of +189% in value and an impressive +227% increase in weight, as per the contract data.
The 3rd quarter of 2023 is anticipated to witness a boost in export activities. The lack of substantial growth in downstream industrial production has further fueled the shift towards exporting raw materials. This factor collectively indicate a positive outlook for strengthening exports in the mentioned quarter.
Comments
No comment yet.