Iran’s imports decrease by 18%

Business Materials 30 June 2015 17:25 (UTC +04:00)

Baku, Azerbaijan, June 30

By Umid Niayesh - Trend:

Iran imported $19.744 billion worth of goods during the first five months of 2015, which indicates an 18.6 percent decline, compared to the same period of the preceding year.

Iran imported some 16.3 million metric tons of goods during that period which is 8.7 percent less compared to the first five months of 2014, according to the Iranian Customs Administration latest monthly report released June 30.

Corn fodder worth $683 million topped the list of Iran 's imported goods with 3.5 percent share from the country's total imports' value. Iran 's corn fodder imports indicate a rise by 145.6 percent year on year.

The Islamic Republic imported 2.8 million metric tons of corn fodder in the first five months of 2015, indicating an increase by 237 percent in terms of volume year on year.

After corn fodder, motor vehicles worth $664 million and wheat worth $538 million were other main imported goods of the Islamic Republic.

Motor vehicles imports indicate a rise by 107.8 percent in terms of value year on year.

Tehran's wheat import decreased by 1.6 percent in terms of value, meanwhile increased by 14.5 percent in terms of volume respectively compared with the first five months of 2014.

The three mentioned goods shared 9.6 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 $1217, which is 10.85 percent less than the previous year.

Iran's overall non-oil trade turn over stood at $34.51 billion during the first five months of 2015. Imports shared 57.2 percent of the mentioned figure.

Edited by CN