Azernews.Az

Iran's non-oil exports is projected to hit $59 billion in the next Iranian calendar year which begins on March 21, 2013, the Mehr news agency quoted industry ministry official Mehdi Fathollah as saying on Monday.

The Fifth Five-Year Economic Development Plan (March 2011-March 2016) envisaged that non-oil exports would reach $59 billion in the third year of the plan, he noted.

According to the plan, the value of non-oil exports will increase to $69 billion and $80 billion in the years to March 2015 and March 2016, respectively, he said.

The total value of Iran's non-oil imports and exports during the first half of the current year amounted to $47.1 billion, according to the Customs Administration data.

Iran exported around 37.45 million tons of goods worth $20.62 billion and imported some 19.12 million tons of goods worth $26.48 billion in the six-month period.

Iran exported around $43.7 billion worth of non-oil goods in the previous (calendar) year and imported some $61.8 billion worth of goods to hit the unprecedented mark of $105 billion in annual trade.

Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016).