Iran’s imports decrease by 17%

Business Materials 4 October 2015 17:25 (UTC +04:00)

Baku, Azerbaijan, Oct. 4

By Umid Niayesh - Trend:

Iran imported $31.47 billion worth of goods during the first eight months of 2015, which indicates a 17 percent decline, compared to the same period of the preceding year.

Iran imported some 25.96 million tons of goods during that period which is eight percent less compared to the first eight months of 2014, according to the Iranian Customs Administration latest monthly report released Oct. 4.

Corn fodder worth $1.035 billion topped the list of Iran's imported goods with 3.3 percent share from the country's total imports' value. Iran 's corn fodder imports indicate a rise by 52 percent year on year.

The Islamic Republic imported 4.26 million tons of corn fodder in the first eight months of 2015, indicating an increase by 107.7 percent in terms of volume year on year.

After corn fodder, wheat worth $842 million and motor vehicles worth $777 million were other main imported goods of the Islamic Republic.

Tehran's wheat import decreased by 33.9 percent and 22.6 percent in terms of value and volume respectively compared with the first eight months of 2014.

Meanwhile motor vehicles imports indicate a slight fall by 0.6 percent in terms of value year on year.

The three mentioned goods shared 8.4 percent of Iran's total imports in terms of value.

The average price for each one ton of Iran's imported goods in the mentioned period was $1212, which is 9.7 percent less than the previous year.

Tehran's overall non-oil trade turn over stood at $54.96 billion during the first eight months of 2015. Imports shared 57.2 percent of the mentioned figure.

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