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Iran imports goods worth $38.5B in 11 months

Business Materials 28 March 2019 17:48 (UTC +04:00)

Baku, Azerbaijan, March 28

By Elnur Baghishov - Trend:

Iran imported products worth $38.5 billion during 11 months of the last Iranian year (started March 21, 2018), Trend reports with reference to the report of the Iranian Trade Development Organization.

More than 28 million tons of products were imported in 11 months, according to the report.

Top five imported products include forage corn worth $1.87 billion, rice worth $1.34 billion, spare parts worth $1.3 billion needed for production of a 2000cc engine car, soybeans worth $1.8 billion and surface electrodes worth $548 million.

This is while 31.5 million tons of products worth $44 billion were imported during the ten months of the previous Iranian year (started March 21, 2017).

Product

Value of imports for 11 months of last Iranian year (started March 21, 2018) (in mln USD)

Share of value in total imports

Change in value (in %) compared to 11 months of previous Iranian year (started March 21, 2017)

Corn forage

1,870

4.9

28

Rice

1,344

3.5

25

Spare parts for production of a 2000 cc engine car

1,300

3.4

-19

Soybeans

1,086

2.8

29

Surface electrodes

548

1.4

208

Press cake

544

1.4

16

Barley

535

1.4

16

Frozen boneless beef

405

1,1

-12

Various seed oil

404

1

-4

Biologically active additives not produced in Iran

375

1

1.5

In total

8,411

21.8

14.5

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