Iran’s car exports fall by 91.4 percent

Business Materials 2 December 2013 16:40 (UTC +04:00)

Baku, Azerbaijan, Dec.2

By Umid Niayesh - Trend:

Iran exported 3,343 sedans during the first eight months of the current solar year (started on March 21) which indicates a 91.4 percent decrease compared to the same period of last year.

The value of the exported cars was around $23 million which is 89.93 percent less than in the same period of last year, according to the Iranian Custom Administration's latest monthly report released in December. The average car price was $6,933, which indicates a 17.11 percent increase this year.

Iran has exported 1960, 704 and 204 sedan cars to Iraq, Azerbaijan and Egypt respectively during the period.

Iran has exported 1960, 704 and 204 sedan cars to Iraq, Azerbaijan and Egypt respectively in the period.

Iran imported 36,212 sedan cars, worth $ 751 million during eight months, which indicates an increase of 32.29 and 21.11 percent respectively in terms of volume and value compared to the first 8 months of last year. The average price of the imported cars was $20,743 which indicates an 8.44 percent decrease in price compared to last year.

Iran has imported 26,717 cars from the UAE, 6331cars from China and 1,259 cars from Kuwait during the period.

Iran produced 364,807 vehicles in the first seven months of the current Iranian calendar year, the IRNA News Agency reported. During this period, Iran produced 311,155 sedan cars, 49,365 pickup trucks, 4,038 trucks, 199 buses, and 50 minibuses.

Iran produced 989,110 cars in 2012, which made the country Asia's eighth largest car manufacturer.

Iran's automobile output faced a 40 percent decrease in 2012. The country was Asia's 5th largest car manufacturer in 2011, with a total output of 1,648,505.

Increasing prices on raw materials and foreign currencies are car manufacturers' main problems in Iran.