MEK Iran: Mullahs Regime Experiences a Serious Decline in Exports
Iran used to be a big exporter of oil and oil-based products, but now the country is experiencing a huge budget deficit, a shortfall in the availability of foreign currency, and Iran’s currency has been devalued against the American dollar which indicates a drop in oil exports.
Official figures indicate that Iran exported a third of the oil that had been predicted between 2019 and 2020. There is a clear indication that this is likely to drop even further than original expectations.
#Iran’s Exports in Sharp Decline
Iranian oil exports have fallen sharply and exports of other items from Iran have dropped by more than half because of US sanctions, according to economic data released this week by Iranian officials.https://t.co/skxY7YIGgk pic.twitter.com/mdZ3JcOntH
— Iran Focus (@Iran_Focus) January 4, 2019
According to senior government officials, oil revenue was worth about $8-9 billion in 2019. This figure was repeated by The Central Bank of Iran (CBI) Abdolnasser Hemmati, First Vice President Eshaq Jahangiri, and economic deputy Mohammad Nahavandian.
When adjustments are made for deductions, such as the 20 percent stake for the National Development Fund’s 20 and the 14.5 percent stake of the National Oil Company, the administration’s net total and gas condensate exports were worth more than $5.8 billion. This works out to be 490,000 barrels per day (BPD) of oil exported based on receiving $50 per barrel.
As well as oil, customs statistics reveal that the government’s non-petrol income has reached $13.556 billion in the last six months which has hit an all-time low for the past decade. “In the last six months, there has been a 34 percent fall in non-petrol exports. The country’s imports experienced a 21.66 percent decrease when compared to last year and have reached $16.783 billion.
#Iran's Exports, Imports Decline, With U.S. Trade Lowest Since 2000
Iran's trade generally declined in the first two months of 2019, largely due to less oil exports and a substantial reduction in imports, due to its ongoing economic crisis. pic.twitter.com/u36wv97xKc
— NCRI-FAC (@iran_policy) March 29, 2019
Massive fall in Pistachio and Carpet Exports
Once upon a time, Iran had monopolized the pistachio and carpet worldwide market. However, the government has lost these privileges and failed its traditional clients.
The other classic Iranian export is that of carpets. Iran used to earn much more than now through its ability to make human-made carpets. $238 million was earned by carpet exporters as recently as last year, but that has now fallen to $73million.
The export market for carpets has drastically slowed down to Covid restrictions in intended markets as well as sanctions that the U.S. has imposed on Iran.
Manmade Carpet Exporters’ Union
As a member of the Manmade Carpet Exporters’ Union Hamed Chaman-Rokh, said recently:
“In 2018, Iran’s carpet exports to the U.S. as the main intention for Iranian carpets, and our traditional market stopped. In this regard, the carpet export decreased around $200 million while we faced a drastic decline in 2019 and the value of carpet exports reached less than $100 million.”
Non-oil exports have dropped drastically since sanctions were imposed, including formerly significant export markets. However, it seems that the regime doesn’t care about this and has put a higher priority on spending money on the riskier element of Iran’s foreign policy.
After four decades of the ruling, unemployment, corruption, embezzlement and many other social disasters have been the souvenirs of the #mullahs for the #Iranian people. https://t.co/WN0m7sObnp#WeSupportMEK #MEK #FreeIran @USAdarFarsi pic.twitter.com/KDQv1zBrG3
— MEK Iran (Mujahedin-e Khalq) (@MEK_Iran) October 14, 2019
How to End This Economic Situation in Iran
Iranian’s protest gatherings and the activities of the People’s Mojahedin Organization of Iran (PMOI / MEK Iran) push mullahs into a deadly cliff. The Iranian Regime is desperate to project strength in the face of the US’s “maximum pressure” campaign and rising international isolation, but the reality is that the mullahs have never been as vulnerable as they are now, according to Dr. Ali Safavi of the National Council of Resistance of Iran’s (NCRI).
Iranian people and the (PMOI / MEK Iran), have a long history of resistance against the religious dictatorship in Iran. In a new round, during the past two years, the Iranian people have been taken to the streets to demand regime change. MEK’s resistance units have accelerated their activities in recent months. The economic situation could send the Iranian regime over the edge, something that the regime fears. Mullahs are right to fear it because it will happen sooner or later.
— Iran Freedom (@4FreedominIran) October 27, 2020