The volume of non-oil exports from the Persian Gulf Special Economic Zone (PGSEZ) witnessed a 38 percent growth in the first five months of the current Iranian year (started on March 21) despite the US-led western sanctions against Iran, director of the zone announced on Wednesday. "Exports of goods from PGSEZ increased 38 percent in terms of weight in the first five months of the current year," PGSEZ Managing-Director Massoud Hendian said, addressing a meeting in the Southern Iranian port city of Bandar Abbas today. He said that the companies active in the PGSEZ exported a total 111.055mln tons of their products worth $124.119mln to the target markets in the said period. Hendian stated that most of the products were exported to China, the UAE and India. In April, a senior trade official announced that the value of Iran's non-oil exports to different world states in the past Iranian year (ended March 20) exceeded $41bln despite the sanctions and restrictions imposed by the West on Tehran.
"The value of exports of our non-oil products hit $41.5 billion last year," Iranian Deputy Minister of Industry, Mines and Trade Hamid Safdel, who is also Head of Iran's Trade Promotion Organization (TPO), said. He noted that the total value of Iran's foreign trade reached $95bln during March 20, 2012-March 21, 2013 period. Earlier this year, Head of the Exports Commission of the Iranian Chamber of Commerce, Industries, Mines and Agriculture Asadollah Asgaroladi said that his commission plans to equalize the volume of the country's non-oil exports and imports in the next Iranian year (started March 21). "If we are due to import goods worth about $60bln to $65bln, the country should have the same amount of exports," Asgaroladi said in February.