• Domestic Economy

    Hormozgan Essential Goods Imports at 400K Tons Since March 19

    About 400,000 tons of essential goods were imported into Iran's southern Hormozgan Province since the beginning of the current fiscal year (March 19).

    According to Abolfazl Akbarpour, a customs official in Hormozgan Province, the imports includes rice, oil, oilseed, corn, wheat, barley, sugar, rubber, paper, oilcake, soybean and legume, Fars News Agency reported.

    A total of 246,243 tons of the goods were imported from Shahid Rajaee Port alone–Iran's biggest commercial port, located 23 kilometers west of the port city of Bandar Abbas, the capital of Hormozgan Province. 

    More than 68.92 million tons of commodities were loaded and unloaded in this port in the last Iranian year (March 2019-20), registering a 1.74% growth compared with the year before. Non-oil goods accounted for 43.32 million tons and oil products for over 25.59 million tons of the total, showing a 0.47% decline and 5.33% growth respectively year-on-year. According to Mohammad Reza Rezaei-Kouchi, the head of Majlis Development Commission, Shahid Rajaee Port has a 6% share in the region’s total container throughput per annum. 

    More than 3.18 million tons of essential goods were imported into Hormozgan Province in the last fiscal year (March 2019-20). Paper (906,147 tons), rice (787,250 tons) and sugar (411,345 tons) were the top imported goods.

    A total of 25.09 million tons of essential goods worth close to $15.5 billion were imported into Iran during the fiscal 2019-20 to register a 20.77% and 17.13% increase in weight and value respectively, compared with the year before, according to the Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi.

    “This consignment of essential goods accounted for 71% and 35% of the volume and value of last year’s total imports respectively,” the official was quoted as saying by ISNA.

    “The imported essential commodities included wheat, sugar, corn, rubber, barley, processed tea, rice, different kinds of seeds, red meat, soybeans, pulses, paper, chemical fertilizers and industrial machinery.”

    Also known as necessity goods, essential goods are products consumers will buy, regardless of changes in income levels.

    Imam Khomeini Port located in the southwestern Khuzestan Province, the main of center of essential goods imports into Iran.