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Capital goods share only 15% of Iran’s imports

02 December 2017 [12:28] - TODAY.AZ

By  Trend

Import of Iran’s consumer goods registered a huge rise by 69.7 percent during the first seven months of the current fiscal year (March 20-Oct. 22) and stood at $5.836 billion.

The volume of the imported consumer goods ?amounted to 2.237 million tons in the 7-month period compared 1.302 million tons in the same period of the preceding year.

According to a report by Iran’s Customs Administration, about 21.6 percent of Iran’s imported goods in the period were consumer goods, meanwhile capital goods shared 15.2 percent of the imports in terms of value.

Iran imported 24.211 million tons of goods, worth $27.817 billion during the first seven months of current fiscal year, which indicates 5.5 percent and 15 percent rise in terms of volume and value respectively compared to the same period of preceding year.

Car parts worth $1.82 billion (85 percent increase, 6.5 percent of total imports’ value), passenger cars worth $1.304 billion (35 percent increase), rice worth $1 billion (98 percent increase), corn fodder worth $891 million (60 percent increase), modems and phones worth $615 million (34 percent increase), medical drugs worth $565 million (7 percent increase), and soybean worth $536 million (0.3 percent increase) were the main imported goods of the Islamic Republic in the 7-month period.

The average price for each ton of Iran's imported goods in the mentioned period was around $1396, indicating a rise of 9 percent.

The value of imported capital goods reached $4.241 billion, 11 percent less compared to the 7-month period of the preceding year.

The Islamic Republic imported 435,000 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 60.2 percent of Iran’s imported goods in terms of value in the first seven 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 16.121 million tons of intermediate goods, worth $16.798 billion in the first seven months of the current fiscal year. The volume of the goods was equal to 81 percent of Iran’s total imports’ volume.


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