South Korea becomes top car exporter to Iran
Baku, Azerbaijan, June 18
By Umid Niayesh - Trend:
Iran’s car imports in the first two months of the current fiscal year (March 20-May 21) registered a fall by 73.4 percent, compared to the same period of the preceding year.
Iran imported 3,011 passenger cars during the 2-month period, according to the country’s custom administration data.
The value of the imported cars amounted to $78.995 million in the period, which is 76.2 percent less year-on-year.
Iran imported passenger cars from 15 countries meanwhile the South Korea was the biggest car exporter to Iran in the period, followed by the UAE. Iran imported 1,329 passenger cars from South Korea, worth $30 million. The UAE also exported 1,105 cars, worth $28 million to the Islamic Republic in the first two months of the current fiscal year.
Iran’s average monthly car import stood at about 5,800 vehicles in the past fiscal year, ended March 2018.
Iran imported 70,075 passenger cars during the last fiscal year, 8.7 percent less compared to the preceding year.
The value of the imported cars amounted to $1.838 billion in the 12-month period, which is 8.4 percent less year-on-year.
Iran imported 70,075 passenger cars, worth $2.01 billion during the fiscal year to March 2017.
It should be noted that Iran has banned importing cars with engines up to a 2500CC capacity.