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Iran records surge in imports

Business Materials 28 December 2021 11:24 (UTC +04:00)
Iran records surge in imports

BAKU, Azerbaijan, Dec. 28

By Elnur Baghishov – Trend:

Iran's imports increased by 37 percent in value and 20 percent in volume, during the first nine months of the current Iranian year (March 21 through December 21, 2021), compared to the same period last Iranian year, new Head of Islamic Republic of Iran Customs Administration (IRICA) Alireza Moghaddasi said, Trend reports citing the administration.

The official stressed that in total, Iran has imported 30.1 million tons of goods worth $37 billion within the mentioned period.

“So, Iran mainly imported 8.9 million tons of goods worth $11.5 billion from the UAE, 2.5 million tons worth $8.4 billion from China and 2.9 million tons worth $3.7 billion from Turkey, as well as, 593,000 tons worth $1.4 billion from Germany and 1.6 million tons worth $1.3 billion from Switzerland in 9 months,” he added.

Moghaddasi also said that about 9.16 million tons of goods were transited through Iran over nine months, which is an increase of 76 percent, compared to the same period last Iranian year. By the end of the current Iranian year (March 20, 2022), the figure is expected to exceed 12.4 million tons.

Iran's foreign trade turnover for the first nine months of the current Iranian year amounted to about 123 million tons worth $72.1 billion. Trade turnover increased by 38 percent in value and 11 percent in volume, compared to the same period last Iranian year.

The value of Iran's foreign trade turnover is expected to reach $98 billion by the end of the current Iranian year.

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