Iranian carmaker Saipa increases exports by 122%

Baku, Azerbaijan, Feb. 1

By Fatih Karimov - Trend: Iranian carmaker Saipa has increases exports by 122 percent in the first ten months of the current Iranian calendar year, started on March 21, 2014.

The carmaker exported 16979 cars in the 10-month period, according to the company's official website, Saipa News.

The company accounts for 80 percent of the country's car exports. Iraq, Syria, Yemen, Egypt, Libya, Algeria, Senegal, Ghana, Niger, Nigeria, Venezuela, Azerbaijan, Turkmenistan, Ukraine, Belarus, Armenia, ad Afghanistan were the destinations for Saipa products.

Some 722,325 cars have been produced in Iran during the first eight months of the current Iranian year (March 21- Nov. 21), 69.8 percent more year on year.

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

Western countries suspended certain sanctions against Iran as the Geneva nuclear deal came into force on January 20. Iran was permitted to import materials for its auto-manufacturing sector as a result of the nuclear deal implementation, which has led to a sharp increase in the country's auto exports in recent months.