Iran Auto Parts Exports Value to Reach $6 Billion by 2025: Official
TEHRAN (Tasnim) – With the effective planning made, it is predicted that Iran’s export of automotive parts will hit $6 billion in 2025, the Chairman of the Board of Directors of the Iranian Automotive Parts Manufacturers Association stated.
Mohammad-Reza Najafimanesh in an interview on Sunday pointed to the conclusion of a contract with the Russian Federation for the export of automotive parts and said that Russia has a high potential for importing automotive parts but it should be kept in mind that export is a time-consuming matter which requires logical planning.
Turkey exports between $30 and $40 billion worth of automotive parts to different countries annually, he said, adding that Iran also enjoys high potential to export automotive parts to other countries.
It is expected that Iran would export $6 billion worth of automotive parts to other countries annually by 2025, Najafimanesh reemphasized.
The official called on the government officials to throw their weights behind exporters of automotive parts in order to export their high-quality parts overseas appropriately.