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Iran’s imports register a 22% decrease

Business Materials 17 May 2016 15:02 (UTC +04:00)

Baku, Azerbaijan, May 17

By Fatih Karimov - Trend:

Iran imported $41.5 billion worth of goods during its last fiscal year (ended March 20), which indicates a 22.5 percent decline, compared to the preceding year.

Iran imported some 35.1 million tons of goods during that period which is 18.5 percent less compared to the last fiscal year, according to the latest statistics released by Trade Promotion Organization of Iran (TPOI).

Corn fodder worth $1.41 billion topped the list of Iran's imported goods with 3.4 percent share from the country's total imports' value. Iran's corn fodder imports indicate a fall by 20 percent year on year.

After corn fodder, wheat worth $862 million, soybean worth $728 million, rice worth $680, soybean meal worth

$672 million and car parts worth $627 million were other main imported goods of the Islamic Republic.

Tehran's wheat import decreased by 62 percent in terms of value, meanwhile rice imports indicated a fall by 52 percent in terms of value year on year.

The country's soybean imports witnessed a huge rise by 319 percent in terms of value, however the volume of the imported soybean registered a fall by 12 percent, according to the report.

The car parts and soybean meal imports also registered fall by three and 46 percent year on year.

The average price for each ton of Iran's imported goods in the mentioned period was $1183, which is five percent less than the previous year.

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