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News ID: 4570
Publish Date : 01 September 2014 - 20:48

Iran’s Exports of Technical And Engineering Services Up by 40 Percent

TEHRAN (IRNA) – Iran’s exports of technical and engineering services in the first quarter of the current Iranian year (started on March 20) has reached $490 million, up by 40-percent compared to the same period last year, according to Ministry of Industry, Mine and Trade.

It is expected that Iran will export as much as $2.2 billion worth of technical and engineering services by the year-end.
In the year ending in March 2012, Iran’s exports of these services reached a record high of $4.2 billion.
Although imports of Iranian technical and engineering services began declining in the past two years, the figures released by the Ministry of Industry, Mine and Trade show that Iranian exports have started rising again.
Experts believe that in a short 5-year period, Iran’s exports of technical and engineering services can reach $10 billion a year.
They also argue that achieving $20 billion exports of these services is not out of reach in the long-term.