Iran announces increase in import of products

Business Materials 28 October 2021 20:00 (UTC +04:00)
Iran announces increase in import of products

BAKU, Azerbaijan, Oct. 28

By Elnur Baghishov - Trend:

Iran's imports increased by 38 percent in value and 21 percent in volume during the first 7 months of the current Iranian year (March 21 - October 22, 2021), compared to the same period of last Iranian year, Director General of the Islamic Republic of Iran Customs Administration (IRICA), Mehdi Mirashrafi said in a statement, Trend reports.

According to Mirashrafi, during this period, Iran imported 23.5 million tons of products worth $27.7 billion.

“The products imported by Iran in the first 7 months were mainly of strategic importance. Mobile phones, corn feed, wheat, soybeans, sunflower oil, soybeans, barley, rice, sugar and palm oil are the main imported products. During the same period, Iran imported 16.6 million tons of essential products worth $ 11 billion,” Mirashrafi added.

During the period, Iran imported 6.9 million tons worth $8.6 billion from the UAE, 1.9 million tons worth $6.1 billion from China and 2.5 million tons worth $2.9 billion from Turkey, the customs official said.

"Iran also imported 512,000 tons of goods worth $1 billion from Germany and 1.2 million tons worth $1 billion from Switzerland," he said.

“The transit of goods through Iran in the reporting period amounted to 6.95 million tons, having increased by 81 percent on annual basis,” the director-general said.

At the same time, the volume of Iran's trade turnover amounted to 98 million tons, with a value of $54.8 billion. The trade turnover increased by 43 percent in value and 16.5 percent in volume on annual basis.