Iran’s imports continue to fall

Business Materials 31 May 2015 13:40 (UTC +04:00)

Baku, Azerbaijan, May 31

By Umid Niayesh - Trend:

Iran imported $15.462 billion worth of goods during the first four months of 2015, which indicates a fall by 20.3 percent, compared to the same period of the preceding year.

Iran imported some 13 million metric tons of goods during that period which is 8.7 percent less compared to the first four months of 2014, according to the Iranian Customs Administration latest monthly report released May 30.

Motor vehicles with internal combustion engine worth $ 637 million topped the list of Iran's imported goods with 4.1 percent share from the country's total imports' value. Iran's motor vehicles imports indicate a huge rise by 370.9 percent year on year.

After motor vehicles corn fodder worth $ 600 million and wheat worth $470 million were other main imported goods of the Islamic Republic.

The Islamic Republic imported 2.46 million metric tons of corn fodder in the first four months of 2015, indicating an increase by 628.7 percent in terms of volume year on year.

Iran's corn fodder imports also witnessed a rise by 427 during the mentioned period compared to the first four months of 2014 in terms of value.

Tehran's wheat import increased by 27.2 percent and 48.8 percent in terms of value and volume respectively compared with the first four months of 2014.

The three mentioned goods shared 11 percent of Iran's total imports in terms of value.

The average price for each one metric ton of Iran's imported goods in the mentioned period was $1186, which is 12.7 percent less than the previous year.

Tehran's overall non-oil trade turn over stood at $27.1 billion during the first four months of 2015. Imports shared 57 percent of the mentioned figure.

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