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Iran’s imports continue to fall

Business Materials 29 August 2016 17:42 (UTC +04:00)

By Fatih Karimov – Trend:

Baku, Azerbaijan, Aug. 29

Iran imported $16.71 billion worth of goods during the first five months of current fiscal year (March 20 - Aug. 21), which indicates a fall by 2.85 percent, compared to the preceding year.

The Islamic Republic imported some 13.166 million tons of goods during that period, 6.39 percent less year on year, according to the Iranian Customs Administration's latest monthly report released Aug. 29.

Rice worth $476 million topped the list of Iran's imported goods with 2.85 percent share from the country's total imports' value.

After rice, corn fodder worth $417 million(2.5 percent share from total imports' value), soybean worth $413 million (2.47 percent share), car parts worth $349 million (2.1 percent share) and motor vehicles with internal combustion engine worth $284 million (1.7 percent share from total imports) were other main imported goods of the Islamic Republic in the five-month period.

The average price for each one ton of Iran's imported goods in the mentioned period was $1269, which is 3.76 percent more than the previous year.

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