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Iran’s imports fall by 13.5%

Business Materials 16 June 2016 14:44 (UTC +04:00)

Baku, Azerbaijan, June 16

By Fatih Karimov - Trend:

Iran imported $5.5 billion worth of goods during the first two months of its current fiscal year (March 20-May 20), which indicates a 13.5 percent decline, compared to the same period of preceding year.

Iran imported some 4.56 million tons of goods during that period which is 19 percent less compared to March 20-May 20, 2015, according to the latest statistics released by Trade Promotion Organization of Iran (TPOI).

Corn fodder worth $180 million 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 fall by 18 percent year on year.

After corn fodder, soybean worth $133 million, soybean meal worth $129 million, car parts worth $116 million, rice worth $104 million, and wheat worth $86 million were other main imported goods of the Islamic Republic.

Tehran's rice import decreased by 32 percent in terms of value, meanwhile wheat imports indicated a fall by 26 percent in terms of value year on year.

The country's soybean imports witnessed a rise by 19 percent in terms of value, however the volume of the imported soybean registered a fall by 12 percent, according to the report.

The soybean meal imports also registered a fall by nine percent year on year, meanwhile the import of car parts witnessed a rise by five percent during the 2-month period.

The average price for each ton of Iran's imported goods in the mentioned period was $1205, which is six percent more than the previous year.

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