SCI: Industrial Sector Grows 5.1%

Date: 11 March 2023 - 21:45

News ID: ۱۱۳۲۴۳

TEHRAN –The Statistical Center of Iran (SCI), in its latest report, has put the growth of the country’s industrial sector in the nine months of the current Iranian calendar year (March 21 – December 22, 2022) at 5.1 percent.
The Statistical Center of Iran also put the country’s growth of industrial sector in the nine months of the previous Iranian calendar year in 1400 (March 21 to December 22, 2021) at 3.1 percent, while the rate stood at about 1.8 percent in 2020.
Accordingly, the country’s industrial sector in the current administration of President Ebrahim Raisi registered a 3.3 percent hike since the president took office.
According to SCI, the seasonal growth of industrial sector in the 3rd quarter of the current year (September 22 to December 22) was five percent, the rate of which stood at 2.9 percent in the same period of last year.
The Iranian minister of industry, mine and trade said that the country’s exports registered a 17.7 percent hike in the first 10 months of the current Iranian calendar year (March 21, 2022 to January 22, 2023).
Speaking on the sidelines of the 10th election term of the Iranian Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in Tehran on Saturday, Seyed Reza Fatemi Amin stated that the country’s imports hit 16.9 percent hike in this period.
Elsewhere in his remarks, the industry minister pointed to the trade statistics and reiterated that the country’s export registered a 17.7 percent grwoth in the first 10 months of the current year.
Iran imported $5 billion worth of industrial equipment and machinery in 10 months of the previous year in 1400 (from March 21, 2021 to January 22, 2022), the rate of which hit $8 billion in the 10 months of the current year (March 21, 2022 to January 22, 2023), Fatemi Amin added.
Despite tough sanctions imposed against the country, economic activists managed to take giant strides in realizing most economic objectives, he said, adding that the Ministry of Industry is ready to throw its weight behind economic activists of the country in line with spurring exports and export activities.