Iran’s Trade Promotion Organization (TPO) announced today the country’s non-oil exports will exceed $40 billion by the end of the current Iranian year (ending March 20). TPO’s figures include $5 billion for gas condensates exports that the organization counts as non-oil revenues. The export of technical and engineering services amounted to more than $3 billion.
This year’s non-oil exports of $40 billion represent a 40% increase over last year. The country’s oil exports during the coming Iranian calendar year are estimated at $80 billion.