$ 12 billion reduction in non-oil exports
Chairman of the Iran-China Chamber of Commerce: Due to severe restrictions on borders and declining purchasing power of the world, it is not possible to achieve the goal of non-oil exports of fifty billion dollars.
According to the Iran International Stone Exhibition, Majid Reza Hariri, referring to the targeting of $ 50 billion in non-oil exports for this year, said: "The issue of targeting and operationalizing those two issues is completely separate. It is unlikely to be available right now, because the economy is turbulent not only in Iran but in the world.
Regarding this year's export outlook, he said: "Due to the disruption of the economic and export environment stemming from Corona, the timing of the disease's demise is unknown, and given our target markets, which are mainly neighboring countries, China and India, and Nearly 90 percent of it is either lost or severely constrained at the borders, and it is unlikely to be a good prospect for exports, and the world's purchasing power has declined to the point where many small exports have been damaged. It takes a long time to repair.
Hariri stressed: "Note that about 50% of our non-oil exports are petroleum products and petrochemicals to destinations such as India, China and Turkey, which are sharply reduced by the world's basic energy prices and the demand of this part of our non-oil exports is sharply reduced." As a result, non-oil exports will fall by less than half, and even if the volume does not change, its financial value will be halved.
He continued: "So we expect a reduction of ten to twelve billion dollars for this type of export, in other words, if we had about forty-two billion dollars of export targeting for last year, this amount will reach thirty billion dollars this year."
Referring to the export market of mineral products, a member of the Iranian Chamber of Commerce added: "Another part of our non-oil exports are mineral products, the price of which is predicted to decrease by at least 10% in the domestic market."
He stressed that in order to achieve the goal of exporting $ 50 billion, it is necessary to either find a new export market or increase the composition and production of goods, and in the current situation, none of this is operational, except to increase efforts in enterprises. That will also have a small percentage in this export targeting.
* ILNA
