In 2023, nearly $13.7 billion worth of Iran’s mining and mineral industry products were exported to global target markets, representing a 9% increase compared to the same period in 2022.
According to the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the export value of this sector in 2022 was $12.5 billion.
Among the various value chains, the steel sector accounted for the largest share with $6.1 billion in exports. This was followed by the copper sector with $1.6 billion and the aluminum sector with $902 million. Exports of zinc reached $547 million, coal and coke totaled $500 million, and cement amounted to $384 million.
Exports 95% Higher than Imports
In 2023, imports in the mining and mineral industries totaled $7.003 billion, marking a 35% increase compared to the previous year.
However, comparing import and export figures shows that the export value was 95% higher than imports, keeping the trade balance in this sector positive.
