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Iran’s manufacturing exports at over $4bn in 11 months to February

Manufacturing accounted for nearly 10% of Iranian exports in the 11 months to late February.

Iran’s manufacturing exports reached a total of $4.092 billion in the 11 months to February 19, according to figures provided by the country’s ministry of trade (MIMT).

The figures covered in a Sunday report by semi-official ISNA agency, showed that manufacturing had accounted for 9.6% of Iran’s non-oil exports over the same period.

Shipments rose to 112 million metric tons, accounting for 3.4% of the total volume of the exports, said the report.

Polymer products, clothing and chemicals were responsible for 60% of Iranian manufacturing exports between March 2021 and February 2022, according to the MIMT figures.

Exports of polymer products rose 16% year on year to $1.134 billion, while textile, garment and shoe exports increased by 8% to $726 million.

Manufactured machinery and equipment exports from Iran also increased to reach $540 million over the 11 months to late February, said the MIMT, adding that home appliances exports had risen to $326 million.

Exports from other sectors, including electronic and power, cellulose industries, automotive, high tech and pharmaceuticals accounted for over $750 million of Iran's manufacturing exports over the same period, showed the figures.

Iran has seen a significant growth in its manufacturing sector since the United States imposed sanction on the country’s crude oil exports in 2018.

The growth has helped Iran boost its foreign trade and compensate for losses suffered in energy export revenues.

Figures by the Iranian customs office shows that total non-oil exports from the country rose to $43.5 billion in the 11 months to February 19.

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