The mineral trade landscape in Iran reveals a substantial 8% increase in mineral exports, contrasting with a striking 35% surge in mineral imports during the same period. The mining sector's contribution to the country's imports has notably reached 9.5% over the past eight months (April-November).
While the exports of the mining sector nearly doubled their imports from April till November, a closer examination indicates that the growth in mineral imports has outpaced exports from the previous year. China as a important country, serving as both the primary export destination and the leading source of imports for the nation. Key trade partners for Iran in the mining sector include Türkiye, Iraq, and the UAE.
Reflecting on non-oil exports, the mining and mineral industries claimed a substantial 27% share from April to November in the eight-month export data of the Iranian year. The mining and mineral export figures, totaling 8 billion and 514 million dollars, demonstrated a 7% increase in value and a notable 35% increase in weight compared to the previous year.
Further scrutiny reveals that metallic mining industries constituted the bulk of mineral exports, accounting for 6 billion and 247 million dollars, while non-metallic mining and mining contributed 832 million dollars and 1 billion and 428 million dollars, respectively. Noteworthy shifts include a decline in the value of certain metal exports, such as sponge iron, zinc ingots, ferroalloys, and aluminum billet, alongside a significant 153% upswing in the export value of steel flat products.
Within non-metallic mineral industries, the sector witnessed a 13% increase in value, with construction glass experiencing a notable 20% decrease in export value. The mining sector, encompassing iron ore, copper concentrate, and other ores, exhibited an 82% growth in value and a substantial 99% increase in weight from April to November statistics of 2023.
China, Iraq, and Türkiye emerged as primary recipients of the country's mining and mineral exports, collectively accounting for a significant share. Specifically, China held a 29% share, Iraq 20%, Türkiye 11%, the UAE 7%, Oman 6%, Indonesia 5%, Pakistan 3%, and other countries made up 19%.
In contrast, mineral imports have been on the rise, with a comprehensive analysis of the eight-month statistics shedding light on the prominent sectors driving the increase.
Mineral imports from China included metal mining industries with a 9% share, while Türkiye had a 6% share. India contributed a 4% share of metal mining industries in its imports, and Russia had a 2% share. Additionally, imports from Oman showed a 15% share for mining and a 5% share for metal mining industries.
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