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Iran’ imports from Germany increase by 36%

Business Materials 22 January 2017 17:05 (UTC +04:00)

Baku, Azerbaijan, Jan. 22

By Fatih Karimov – Trend:

Iran’s imports from Germany increased by 36.39 percent in terms of value, year-on-year during the first ten months of current fiscal year (March 20, 2016-Jan. 20, 2017), according to the Iranian Customs Administration’s latest monthly report.

Iran imported $1.962 billion worth of goods from Germany during the 10-month period.

Germany’s exports to Iran accounted for $182 million during the tenth Iranian calendar month of Day (Dec. 20-Jan. 20).

China was the main exporter of goods to Iran in the 10-month period. Iran imported $8.403 billion worth of goods from China in the period indicating a fall by 1.27 percent in terms of value year on year.

After China, the UAE ($5.488 billion), South Korea ($2.786 billion), Turkey ($2.193 billion) and Germany were other biggest exporters of goods to Iran.

The Islamic Republic’s imports from the UAE decreased by 11.47 percent, meanwhile South Korea exports to Iran witnessed a fall by 8.74 percent.

Turkey’s exports to Iran also registered a fall by 10.99 percent during the 10-month period year on year.

Iran imported 27.55 million tons of goods, worth $34.982 billion, during the 10-month period, which is 3.21 percent more in terms of value as compared to the same period of preceding year.

Motor vehicles with internal combustion engine worth $1.162 billion topped the list of Iran's imported goods during the 10-month period.

After car, corn fodder worth $1.161 billion, soybean worth $774 million and car parts worth $666 million were among other main imported goods of the Islamic Republic in the first ten months of the current fiscal year.

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