Iran’s imports from EU hit $4.8B in 8 months

Iran’s imports from EU hit $4.8B in 8 months

Baku, Azerbaijan, Dec. 28

By Fatih Karimov – Trend:

The European countries exported over 3.454 million tons of goods, worth $4.851 billion to Iran during the first eight months of current Iranian fiscal year (March 20-Nov. 21, 2016).

The Islamic Republic's imports from the Europe registered an increase by 32 percent in terms of volume and 21 percent in terms of value respectively compared the same period of last year, according to the latest statistics released by Trade Promotion Organization of Iran (TPOI).

Organization of Islamic Cooperation (OIC) took a dominant share from Iran’s imports during the 8-month period. Tehran imported some 4.8 million tons of goods, worth $6.644 billion from the OIC countries during the 8-month period.

The mentioned amount is 29 and 11 percent less in terms of volume and value respectively, compared the same period of last fiscal year(March 20-Nov. 21, 2015).

Iran's imports from various economic regions, based on the TPOI report:

Economic organization

March 20-Nov. 21, 2016 ($million)

March 20- Nov. 21, 2015 ($million)

Change

OIC

6644

7429

-11%

EU

4851

4022

21%

GCC

4158

4754

-13%

ECO

2045

2329

-12%

CIS

1514

651

133%

ASEAN

960

849

13%

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