Spare car parts first among Iran's imports

Business Materials 31 January 2017 12:22 (UTC +04:00)

Baku, Azerbaijan, Jan. 31

By Fatih Karimov – Trend:

Iran imported $31.538 billion worth of goods during the first nine months of its current fiscal year (March 20-Dec. 21, 2016), which indicates a 4.4 percent increase, compared to the same period of the previous year.

Iran imported some 24.867 million tons of goods during that period which is 3.6 percent less compared to March 20- Dec. 21, 2015, according to the latest statistics released by Trade Promotion Organization of Iran.

Car parts worth $1.279 billion topped the list of Iran's imported goods with 4.1 percent share from the country's total imports' value. Iran's car parts imports indicate a rise by 32 percent year on year.

The Islamic Republic also imported $1.247 billion worth of cars in the period. Cars ranked second among Iran’s imported goods with 4 percent share from the country's total imports' value. ‎

Iran's car imports indicated a rise by 74 percent in terms of value year-on-year.

Iranian carmakers also manufactured more than 946,000 vehicles over the first nine months of the current fiscal year, indicating a 38.7 percent growth year-on-year.

Multinational companies have demonstrated a surge in interest in investment in Iran’s car sector following the implementation of the nuclear deal between the Islamic Republic and the world major powers in January 2016.