Baku, Azerbaijan, Feb. 4
By Farhad Daneshvar – Trend:
Iran has exported worth of $453,005 of vehicles and car spare parts to Azerbaijan in a 10-month period between March, 20, 2016 and January, 20, 2017.
According to the latest statistics by Iran Customs Administration, the value of the country’s exports of spare parts to Azerbaijan in the mentioned period stood at $355,205 while cars valued at $97,800.
This is while Iran imported $1.162 billion of cars and $666 million worth of car parts in the mentioned period of time.
Iranian automotive industry is projected to form at least 4 percent of the country’s economic growth by 2025. The country’s carmakers accounted for 2.2 percent of Iran’s economic growth over the last fiscal year (ended March 20, 2016) with a contribution of about $9.1 billion (294 trillion rials).
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