Iran’ imports from Germany increase by 38%

Business Materials 26 December 2016 11:19 (UTC +04:00)

Baku, Azerbaijan, Dec. 26

By Fatih Karimov – Trend:

Iran’s imports from Germany increased by 38.22 percent in terms of value, year-on-year during the first nine months of current fiscal year (March 20-Dec. 21, 2016), according to the Iranian Customs Administration’s latest monthly report.

Iran imported $1.78 billion worth of goods from Germany during the 9-month period.

China was the main exporter of goods to Iran in the mentioned period. Iran imported $7.51 billion worth of goods from China in the 9-month period indicating a fall by 2.37 percent in terms of value year on year.

After China, the UAE ($5.103 billion), South Korea ($2.503 billion), Turkey ($2.02 billion) and Germany were other biggest exporters of goods to Iran.

The Islamic Republic’s imports from the UAE decreased by 10.1 percent, meanwhile South Korea exports to Iran witnessed a fall by 8.1 percent.

Turkey’s exports to Iran also registered a fall by 9.89 percent during the 9-month period year on year.

Iran imported 24.867 million tons of goods, worth $31.538 billion, during the 9-month period, which is 4.38 percent more in terms of value as compared to the same period of preceding year.

Corn fodder worth $1.015 billion topped the list of Iran's imported goods during the 9-month period.

After corn fodder, soybean worth $656 million, car parts worth $605 million, motor vehicles with internal combustion engine worth $544 million and rice worth $527 million were among other main imported goods of the Islamic Republic in the first nine months of the current fiscal year.