A glance at Iran’s imports
Baku, Azerbaijan, Dec. 24
By Fatih Karimov – Trend:
Iran imported 23.560 million tons of goods, worth $32.419 billion during the first eight months of current fiscal year (March 20-Nov. 22), which indicates 8.2 percent and 17.5 percent rise in terms of volume and value respectively compared to the same period of preceding year.
According to a report by Iran’s Customs Administration, about 20.1 percent of Iran’s imported goods in the period were consumer goods, meanwhile capital goods shared 15.3 percent of the imports in terms of value.
Car parts worth $2.283 billion (105 percent increase, 7 percent of total imports’ value), passenger cars worth $1.407 billion (28 percent increase), rice worth $1.005 billion (93 percent increase), corn worth $991 million (9 percent increase), modems and phones worth $697 million (24 percent increase), soybean worth $669 million (13 percent increase) and medical drugs worth $652 million (2 percent fall) were the main imported goods of the Islamic Republic in the 8-month period.
The average price for each ton of Iran's imported goods in the mentioned period was around $1375, indicating a rise of 8.5 percent.
Import of Iran’s consumer goods registered a huge rise by 68.7 percent during the first eight months of the current fiscal and stood at $6.51 billion.
The volume of the imported consumer goods amounted to 2.4 million tons in the 8-month period compared 1.43 million tons in the same period of the preceding year.
The value of imported capital goods reached $4.945 billion, 7 percent less compared to the 8-month period of the preceding year.
The Islamic Republic imported 516,000 tons of capital goods, equal to 2 percent of the country’s total imports in terms of volume.
Capital goods are used in producing other goods, rather than being bought by consumers.
On the other hand, intermediate goods shared 60.6 percent of Iran’s imported goods in terms of value in the first eight months of the current fiscal year.
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 18.7 million tons of intermediate goods, worth $19.66 billion in the first eight months of the current fiscal year. The volume of the goods was equal to 79.4 percent of Iran’s total imports’ volume.