Iran’s car imports up by 25%
Baku, Azerbaijan, Nov. 4
By Fatih Karimov– Trend:
Iran imported 39,152 passenger cars(excluding hybrid cars), worth $1.028 billion, during the first seven months of the current fiscal year (started March 20, 2017), according to Iran’s Customs Administration.
The country’s car imports indicate a rise of 25.7 percent in terms of value, compared to the same period of the preceding year.
The number of the imported cars also registered a 25-percent increase year on year.
Iran’s overall passenger car imports (including hybrid cars) stood at 48,667 vehicles in the first seven months of current fiscal year.
Iran imported 14,912 cars with 2,000-2,500 cc engines, worth $403.245 million in the 7-month period, compared to 15,539 cars in the same period of preceding year.
The Islamic Republic also imported 24,240 cars with 1,500-2,000 cc engines in the period, worth $625 million(53.97 percent more year on year), meanwhile 15,763 cars with the same engine capacity were imported into the country in the 7-month period of last fiscal year.
Cars worth $1.957 billion topped the list of Iran's imported goods with 4.5 percent share from the country's total imports' value in last fiscal year(ended March 20, 2017). Iran's car imports registered a rise by 59 percent year on year.
Over 1.350 million cars were also produced in Iran, last fiscal year.
The country plans to increase annual car production level to 3 million cars in the next five years.