South Korea - Iran’s top car supplier

Business Materials 12 September 2018 15:16 (UTC +04:00)

Baku, Azerbaijan, Sept. 12


South Korea was the first car supplier of Iran in the first five months of the current fiscal year (March 20-August 20), according to the Islamic Republic’s official statistics.

Iran imported 4,787 cars from the Asian country in the 5-month period, ISNA news agency reported Sept. 12.

The UAE stood at the next step, exporting 3,571 cars to Iran, followed by Germany (1,479 cars) and Oman (1,195 cars).

China, which has a big share from Iran’s auto market, exported only 325 cars to the Islamic Republic in the first five months of the current fiscal year.

According to the report, Chinese cars most likely have found their path to Iran’s market through third parties, in particular the UAE and Oman.

Iran imported 12,512 cars, worth $345 million from some 20 countries across the world in the 5-month term.

The number of the imported cars registered a fall by 67 percent year-on-year.

Iran has banned car imports from June 22.

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.