Baku, Azerbaijan, July 4
By Fatih Karimov – Trend:
Iran’s imports from China decreased by 21.65 percent and 20.74 percent in terms of value and volume, respectively, year-on-year during the first three months of current fiscal year (March 20-June 20), according to the Iranian Customs Administration’s latest report.
China was the main exporter of goods to Iran in the mentioned period. Beijing’s exports accounted for 22.67 percent of Iran’s total imports in terms of value and 13.15 percent in terms of volume.
Iran imported 955,000 tons of goods, worth $2.04 billion, from China during the three-month period.
In the mentioned period, the Islamic Republic purchased 60 percent of its total imported goods from five countries – China, the United Arab Emirates, South Korea, Turkey and Russia.
Iran’s imports from Russia registered a rise by 276.9 percent in terms of value during the first three months of the current Iranian fiscal year.
Russia exported 260,000 tons of products, worth $540 million, to Iran in the three-month period.
Despite the sharp rise in value of exported goods, Russia’s export to Iran was 21.63 percent less in terms of volume during the period, year-on-year.
Iran also imported 1.213 million tons of goods, worth $1.53 billion, from the UAE, which makes up 17 percent of Iran’s total imports’ value.
Iran’s imports from the UAE witnessed a 36.81-percent fall in terms of value and a 37.34-percent decrease in terms of volume as compared to the same period of preceding year.
Turkey and South Korea exported $630 million and $650 million worth of goods to Iran, respectively.
Iran imported 7.263 million tons of goods, worth $9 billion, during the first three months of current fiscal year, which is 12.99 percent less in terms of value as compared to the same period of preceding year.