Iran’s car imports continue to rise

Business Materials 3 December 2017 13:14 (UTC +04:00)

Baku, Azerbaijan, Dec. 3

By Fatih Karimov – Trend:

Iran imported 54,000 cars during the first eight months of the current fiscal year (started March 20, 2017), Mojtaba Khosrotaj, head of Iran's Trade Promotion Organization (TPO), said.

The number of the imported cars registered a 26-percent increase year on year, Khosrotaj told reporters.

The country’s car and car parts’ imports reached $1.46 billion, indicating a rise by $260 million in terms of value, compared to the 8-month period of the preceding year, the official said.

Meanwhile according to the country’s custom administration’s data Iran has imported $643 million worth of cars with 1,500-2,000 cc engines and $972 million worth of car parts in the first eight months of current fiscal year.

Iran’s overall passenger car imports (including hybrid cars) stood at 48,667 vehicles in the first seven months of current fiscal year(March 20-Oct. 22).

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.