Iran's non-oil exports increase 10 per cent

13 October 2008
Iran's non-oil exports for the six months to 21 September, the first half of the Iranian year, were up 10 per cent on the same period in 2007 thanks to a tripling in exports of saffron and car parts.

Iranian companies' non-oil exports amounted to $3.6bn for the period, up from $3.3bn during the same period in 2007.

The export figures were released by Iran's Customs Administration on 13 October.

The government body says that the volume of exports had also increased since 2007, although it declined to say by how much.

Iran's current account balance is forecast to be 11.2 per cent in 2008, according to the latest projections from the International Monetary Fund (IMF).

By far the largest contributor to Iran's positive current account balance comes from its oil and gas exports.

The IMF predicts that Iran's overall economic growth will be 5.5 per cent in 2008.

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