Baku, Azerbaijan, Dec. 4
By Umid Niayesh - Trend:
Iran purchased 70 percent of its total imported goods in the first ten months of 2014 from five countries - The United Arab Emirates, China, India , South Korea and Turkey , the Islamic Republic's Customs Administration said Dec. 4 in its latest monthly report.
Iran has imported 8.114 million metric tons of goods, worth $11.629 billion from the United Arab Emirates during the first ten months of 2014.
The UAE exports to Iran witnessed an increase of 44.75 percent in terms of value. Meanwhile the volume of the Islamic Republic's imports from the UAE registered a 64.48 percent rise year on year.
Iran's imports from the UAE accounts for 25.08 percent of its total imports in terms of value.
The country also imported 4.507 million metric tons of goods worth $10.272 billion from China, which makes up 22.15 percent of Iran 's total imports' value.
Iran's imports from China witnessed 52.1 and 51.44 percent rise respectively in terms of value and volume in comparison with the first ten months of 2013.
India, South Korea and Turkey respectively exported $3.653 billion, $3.572 billion, and $3.315 billion worth of goods to Tehran.
India and Turkey's exports value to Iran have increased by 18.88 percent and 16.05 percent respectively during the period, meanwhile the exports of South Korea to the country indicates a rise of 8.19 percent compared with the same period of preceding year.
While the volume of exports from South Korea to Iran has fallen by 20.77 percent, India's exports to the Islamic Republic increased by 31 percent in terms of volume. The volume of Turkey 's exports to Iran has increased by 29 percent during the 10-month period.
Iran imported $46.378 billion worth of goods during the first ten months of 2014, which indicates a rise by 24 percent, compared to the same period of the preceding year.
The Islamic Republic imported some 34.243 million metric tons of goods during that period which is 34.52 percent more compared to the first ten months of 2013.
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Umid Niayesh is Trend Agency's staff journalist
Follow him on Twitter: @UmidNiayesh