Five countries account for 71% of Iran’s imports

Business Materials 5 May 2015 16:16 (UTC +04:00)

Baku, Azerbaijan, May 5
By Umid Niayesh - Trend:

Iran purchased 71.28 percent of its total imported goods in the first three months of 2015 from five countries - China, the United Arab Emirates, South Korea, Turkey and India.
Iran has imported 1.215 million metric tons of goods, worth $$3.1 billion from China during the first quarter of 2015.

China was the main exporter of goods to Iran in the mentioned period. Beijing's exports accounted for 25.3 percent of Iran's total imports in terms of value and 12.4 percent in terms of volume.

The China exports to Iran witnessed a fall of 12.13 percent in terms of volume, meanwhile the value of the Islamic Republic's imports from China remained almost unchanged, according to Iranian Customs Administration latest monthly report published May 5.
Iran also imported 1.868 million metric tons of goods worth $2.682 billion from the UAE, which marks 19 percent of Iran's total imports' value.

Iran's imports from the UAE witnessed 34.71 and 37.58 percent fall respectively in terms of value and volume in comparison with the first three months of 2014.

South Korea, Turkey and India, respectively exported $1.156 billion, $912 million, and $820 million worth of goods to Tehran.

India and Turkey's exports value to Iran have decreased by 36.66 percent and 12.78 percent respectively during the period, meanwhile the exports of South Korea to the country indicates a rise of 3.04 percent compared with the same period of preceding year.

While the volume of exports from South Korea to Iran has increased by 31.16 percent, India's exports to the Islamic Republic has fallen by 24.76 percent in terms of volume. The volume of Turkey's exports to Iran also witnessed a fall by 12.78 percent during the 3-month period.

Iran imported $12.112 billion worth of goods during the first three months of 2015, which indicates a fall by 20.94 percent, compared to the same period of the preceding year.
The Islamic Republic imported some 9.8 million metric tons of goods during that period which is 10.24 percent more compared to the first quarters of 2014.

Follow the author on Twitter: @UmidNiayesh