The President of Iran stated that non-oil exports have reached $50 billion this solar year, marking a record for the country. According to ISNA news agency, Hassan Rouhani made this announcement during the last cabinet meeting of the year 1393 while addressing reporters, noting that despite 'sanctions', 'drought and climate issues', and 'falling oil prices', Iran has achieved 'great opportunities in various fields'. The latest monthly customs report published on Esfand 11 indicates that non-oil exports have grown by 22% compared to the same period last year. The report states that Iran's exports in the first eleven months have reached $46 billion and 306 million. Meanwhile, imports have also increased by over 12% to $48 billion and 258 million. Rouhani's remarks about falling oil prices refer to a situation that has affected oil producers since the second half of last year. The price of OPEC oil, which was around $108 per barrel in the first half of last year, has now fallen below $49. The Iranian president also mentioned that there have been 'very good' successes in foreign policy, stating that relations with neighboring countries have improved compared to last year, and the volume of trade and economic relations has doubled. Customs statistics show that Iran's exports in the first eleven months of this year to Turkmenistan increased by about 20%, to Turkey by over 20%, to Pakistan by about 45%, to Iraq by over 5%, to Oman by 139%, to the UAE by over 6%, to Kuwait by 188%, and to Saudi Arabia by over 120%. However, exports to Afghanistan and Azerbaijan have seen a slight decline. Rouhani stated that our relations with our neighbors and countries around the world have advanced, and we have made progress in negotiations with various countries, including the 1+5, achieving successes. He noted that 'economic issues are not yet resolved, and people are facing challenges in their economic lives, but the statistics indicate significant successes that have all been supported by the presence, help, and efforts of the people'. Official statistics show a decrease in inflation growth from over 35% at the beginning of Rouhani's presidency to about 16% last month.
Hassan Rouhani Announced $50 Billion in Non-Oil Exports from Iran
Iran's President Hassan Rouhani announced that non-oil exports have reached a record $50 billion this year despite ongoing sanctions and economic challenges. He highlighted improvements in foreign relations and trade volumes with neighboring countries, while acknowledging that economic difficulties persist for the Iranian people.
👥 Key Players
📰 What Happened
Iran's President Hassan Rouhani announced that the country's non-oil exports have reached a record $50 billion this year, despite facing sanctions and economic challenges. He highlighted improvements in trade relations with neighboring countries.
- Non-oil exports increased by 22% compared to the previous year.
- Imports also rose by over 12%, indicating a growing trade volume.
💡 Why It Matters
📚 Background
Iran has faced significant economic challenges due to international sanctions primarily aimed at its nuclear program, leading to a need for economic diversification away from oil dependency.
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