About 22% of Iran’s imports are consumer goods
Baku, Azerbaijan, Aug. 23
By Fatih Karimov– Trend:
Intermediate goods shared 60 percent of Iran’s imported goods in terms of value in the first four months of the current fiscal year (March 20-July 21), the Islamic Republic’s Trade Promotion Organization (TPO) said in a report.
Intermediate goods are products utilized to produce a final or finished product. These goods are sold between industries for resale or for the production of other goods.
Iran imported 9.274 million tons of intermediate goods, worth $9.488 billion in the first four months of current fiscal year. The volume of the goods was equal to 82 percent of Iran’s total imports’ volume.
The Islamic Republic also imported 268,000 tons of capital goods, worth $2.542 billion in the 4-month period. Capital goods shared 16.1.6 percent of Iran’s total imports in terms of value and 2.4 percent in terms of volume respectively.
Capital goods are used in producing other goods, rather than being bought by consumers.
According to the report, about 22 percent of Iran’s imported goods in the 4-year period were consumer goods.
Iran’s consumer goods imports amounted to 1.356 million tons in the period. The value of the goods stood at $3.485 billion as well.
Iran imported $15.813 billion worth of goods during the first four months of current fiscal year, which indicates a 24 percent increase, compared to the same period of previous year.