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Iran sees tractor exports reach US$48mn

Revenues from tractor exports reached over $48.8mn in the last Iranian year (ended March 20), announced the managing director of Iran Tractor Manufacturing Company (ITMCO).

This amount was procured by exporting various types of engines, casting parts, gears and also ITMCO-manufactured tractors, Abolfath Ebrahimi reportedly said according to Mehr News Agency..

Export and Earning

The tractor manufacturing group earned US$28mn, engines brought in US$8.5mn, gears brought in US$8 million, and casting parts fetched over US$3mn.

The official noted the company exported 1,500 tractors, close to 5,000 engines, and 2,270 tonnes of various casting spare parts in the period.

Ebrahimi added it is expected that 1,830 engines will be exported in the current Iranian year to March 2012.