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Iran’s imports continue to fall

Business Materials 26 September 2016 12:30 (UTC +04:00)

Baku, Azerbaijan, Sept. 26

By Fatih Karimov – Trend:

The Islamic Republic imported $20.308 billion worth of goods during the first half of the current fiscal year (started March 20, 2016).

The figure indicates a 2.6 percent fall in comparison with the same months of preceding year, the Iranian Customs Administration reported Sept. 26.

Corn fodder worth $551 million topped the list of Iran's imported goods during the six-month period.

After corn fodder, soybean worth $503 million, rice worth $478 million, car parts worth $432 million and motor vehicles with internal combustion engine worth $357 million were other main imported goods of the Islamic Republic in the first half of the current fiscal year.

China was the main exporter of goods to Iran in the mentioned period. Iran imported $4.86 billion worth of goods from China in the six-month period.

After China, the UAE ($3.457 billion), South Korea ($1.577 billion), Turkey ($1.329 billion) and Germany ($1.122 billion) were the other four biggest exporter of goods to Iran.

Iran’s imports from Germany witnessed an increase by 26 percent during the six-month period.

Iran's non-oil exports (including gas condensates) also increased by 5.9 percent to $21.706 billion during the first half of the current Iranian fiscal year.

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