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Asian countries maintain dominant share of Iran’s imports

Business Materials 4 November 2014 17:15 (UTC +04:00)

Baku, Azerbaijan, Nov. 4

By Umid Niayesh - Trend:

Asian countries continue to maintain their dominant share of 77.57 percent from Iran's imports during the first seven months of the current Iranian fiscal year (March 21-Oct. 22).

Tehran imported some 15.309 million metric tons of goods, worth $23.48 billion from Asian countries during that period, said the Iranian Customs Administration's latest monthly report released on Nov. 3.

The report said the mentioned amount is 38.7 and 27.78 percent more in terms of volume and value respectively, compared the 7-month period of last year.

The European countries stood at the second place exporting over 6.257 million metric tons of goods, worth $5.937 billion to Iran.

The Islamic Republic's imports from Europe registered an increase by 29.1 percent in terms of volume and 6.89 percent in terms of value respectively compared the same period of last year.

Iran's imports from North and South America also witnessed a 160-percent increase during the period and amounted to $637 million. The Islamic Republic imported over 894,000 metric tons of goods from the continent - 310.69 percent more year on year.

Tehran's imports from Oceania (421,000 metric tons) and Africa (25,000 metric tons) also registered an increase by 356.6 percent and 312.6 percent respectively in terms of volume during the period in comparison with the 7-month period of preceding year.

The country's imports from Oceania stood at $166 million, while the African countries exported $52 million worth of goods to the Islamic Republic during the period, 110 percent and 162.84 percent more respectively year on year.

Iran's total imports' value surpassed $30.271 billion during the 7-month period from March 21 to Oct. 22, which indicates an increase by 24.72 percent compared to the same months of the preceding year.

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