Iran 3rd regional exporter, importer

The International Monetary Fund (IMF) says Iran is the third country in Middle East and Central Asia region in terms of export and import.

In its latest report themed ‘Regional Economic Outlook: Middle East and Central Asia’, the IMF said that Iran’s exports of goods and services in 2010 will amount to $95 billion.

This figure marks a $7.9 billion increase compared to the corresponding figure of the last year, ISNA reported Friday.

It is forecast that in 2011 Iran’s export of goods and services will increase to $98 billion.

Saudi Arabia stood first with $242.5 billion worth of exports.

The UAE is second with exports amounting to $220.3 billion.

Meanwhile, the report said Iran’s import of goods and services in 2010 will reach $80.7 billion.

It is predicted that the figure will hike to $83.5 in 2011. In 2009, IMF estimated Iran’s import of goods and services at $75.4 billion.

The UAE is expected to import goods and services worth $197.6 billion in 2010 while the figure for Saudi Arabia stands at $193.1 billion.