Iran’s passenger car imports fall

By  Trend

Iran imported 70,075 passenger cars during the last fiscal year, ended March 20, 2018, according to the country’s custom administration data.

The figure indicates a fall by 8.7 percent 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 76,715 cars, worth $2.01 billion during the fiscal year to March 2017.

Iran imported $54.302 billion worth of commodities during the last fiscal year, which is 24.31 percent more year-on-year.

The main reason behind the significant rise is the increase in import of staple goods, car parts and capital commodities, according to the Iranian Customs Administration.

Car parts, worth $1.801 billion, topped the list of Iran's imported goods during the 12-month period.