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Iran’s 4-month auto import nearly halved

Business Materials 2 August 2015 12:16 (UTC +04:00)
A recent report says Iran has lowered both its import and export of cars by half during the four months of the current Iranian fiscal year (which started March 21).
Iran’s 4-month auto import nearly halved

Tehran, Iran, August 2

By Mehdi Sepahvand -- Trend:

A recent report says Iran has lowered both its import and export of cars by half during the four months of the current Iranian fiscal year (which started March 21).

During the period, 3,634 autos worth $92.1 million were exported, falling by 50.08 percent compared to the same period the previous year, the latest report by Iran's Customs Administration said August 1.

Auto imports also suffered 47.42 percent decrease, where 14,186 autos worth $337.9 million were imported.

The import of automobiles with engine capacities of 1,000 to 1,500 cc plus ambulances and hybrid cars was worth $5.5 million in the meantime.

This number had been $2.5 million during the same period of the preceding year.

This shows that the numbers grew by 111.8 percent and 117.63 this year compared to the same period last year.

Also during the same period, the import of knock-down parts for cars and road construction machinery stood at 53,575.9 metric tons and was worth $443.6 million.

The numbers for the same time preceding year had been 34,121 metric tons at $307.7 million, showing growths of 57 and 44 percent respectively.

On July 31, Car Policy-Making Council spokesman Sassan Qorbani said during the last four months Iran's car manufacturing grew by 17.6 percent to reach 329,055 cars.

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