Expert: Imports down in Iran mainly at expense of essential products

Business Materials 29 November 2018 16:35 (UTC +04:00)

Baku, Azerbaijan, Nov. 29

By Elnur Baghishov – Trend:

Observations show that mainly essential products and raw materials were imported to Iran, Ali Sadri, an industry expert and a member of the Presidium of the Tehran Industrial Parks Company, said in an interview with the Young Journalists Club (YJC).

He said that imported items are divided into essential and non-essential ones.

He added that devaluation and bureaucracy are obstacles to imports. First of all, the statistics should be properly analyzed, he said.

"Undoubtedly, a 12 percent decrease in imports cannot make us happy," he noted. "That's because the imports decreased mainly at the expense of raw materials and industrial equipment. Only a small part of the import decrease accounted for non-essential items. Unnecessary products enter Iran illegally."

“Devaluation slowly affects the production,” he said. "That’s because many manufacturers until now have had raw materials in their warehouses. However, after the raw materials are finished, they will have to buy new ones at high prices with foreign currency. As a result, the prices of the final products in the coming months will increase.”