Iran’s transit revenues up by 20pct
By Trend
Iran’s revenues via transit has registered a rise by 20 percent during the last fiscal year, ended March 20.
The Trade Promotion Organization of Iran (TPOI) said that Iran’s transit revenues amounted to $2,817 million in the first 11 months of the last fiscal year (March 20, 2017-Feb. 20), which is 19.9 percent more year-on-year.
|
Transit |
March 2017-Feb. 2018 |
March 2016-Feb 2017 |
Growth (%) |
Share |
|
|
Air |
Value (million $) |
362 |
332.4 |
8.9 |
12.9 |
|
Flights |
402,188 |
369,329 |
8.9 |
||
|
Marine |
Value (million $) |
156 |
116.5 |
33.9 |
5.5 |
|
Volume (tons) |
7,796,098 |
5,826,000 |
33.8 |
||
|
Road |
Value (million $) |
2,170 |
1,812 |
19.8 |
77 |
|
Volume (tons) |
8,507,450 |
7,106,669 |
19.7 |
||
|
Rail |
Value (million $) |
129 |
89 |
44.9 |
4.6 |
|
Volume (tons) |
1,431,000 |
990,000 |
44.5 |
||
|
Total value |
2,817 |
2,349.9 |
19.9 |
100 |
Earlier, Mohsen Rahimi, head of the transit desk of the TPOI, said that the main reason behind the transit revenues increase is surging fuel transit from Iraq’s Kurdish region to Iran’s southern port of Imam Khomeini. Fuel transit, as well as transit of cargos to Afghanistan has led to increase in oil products load/unload in Iranian ports and marine transit as well, according to the official.
Road transit revenues had the highest share among various modes (77 percent), followed by air transportation (12.9 percent), marine and rail transit.
Meanwhile, the railway transit registered highest revenue growth among the transit modes. The country’s railway transit incomes increased by 44.9 percent year-on-year and stood at $129 million.
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