Iran’s imports increase by 30.8%
Baku, Azerbaijan, Oct. 3
By Umid Niayesh - Trend:
Iran imported $38.296 billion worth of goods during the first eight months of 2014, which indicates a rise by 30.83 percent, compared to the same period of the preceding year.
Iran imported some 27.89 million metric tons of goods during that period which is 36.45 percent more compared to the first eight months of 2013, Iranian Customs Administration said in its latest monthly report released on Oct. 2.
Iran purchased 69.15 percent of its total imported goods in the first eight months of 2014 from five countries - The United Arab Emirates, China, India, South Korea and Turkey.
The Islamic Republic imported 6.326 million metric tons of goods worth $9.666 billion from the United Arab Emirates in the mentioned period, which accounts for 25.24 percent of its total imports in terms of value.
The country also imported 3.574 million metric tons of goods worth $8.21 billion from China, which marks 21.44 percent of Iran's total imports' value.
Iran's imports from the UAE and China witnessed a 65.5 percent and 65.77 percent rise respectively in terms of value in comparison with the first eight months of 2013.
India, South Korea and Turkey respectively exported $3.13 billion, $2.8 billion, and $2.674 billion worth of goods to Tehran.
India and Turkey's exports to Iran have increased by 29 percent and 16 percent respectively during the period, meanwhile the exports of South Korea to the country indicates a rise of 2.68 percent compared with the same period of preceding year.
While the volume of exports from South Korea to Iran has fallen by 25.18 percent, the UAE's exports to the Islamic Republic increased by 98.4 percent in terms of volume.
The volume of China, India and Turkey's exports to Iran have increased by 63.75 percent, 45.97 percent and 9.31 percent respectively during the 8-month period.
Wheat worth $ 1.539 billion, motor vehicles with internal combustion engine worth $ 1.433 billion and rice worth $ 1,246 billion topped the list of Iran's imported goods.
Tehran's rice imports has declined by 19.7 percent during the period, meanwhile the imports of motor vehicles and wheat registered rise by 209.57 percent and 34.45 percent respectively in terms of value compared with the first eight months of 2013.
The average price for each one metric ton of Iran's imported goods in the mentioned period was $1373, which is 4.12 percent less than the previous year.
Iran's trade balance with 87 countries was positive, while with 94 countries it was negative.
Iran's non-oil goods trade balance (excluding gas condensates), faced a $16.264 billion deficit in the first eight months of 2014, compared to $8.95 billion in the same period of 2013.