Domestic Economy, Auto
0

Iran's 11-Month Auto Exports

Iranian automotive companies have exported 2,237 shipments of vehicles, agricultural machinery and auto parts worth $98 million during the 11 months to Feb. 20
Iranian carmakers hope to expand exports in neighboring countries by offering a wider range of products.
Iranian carmakers hope to expand exports in neighboring countries by offering a wider range of products.
According to latest statistics released by the Islamic Republic of Iran Customs Administration, the main target market for Iranian vehicles and auto parts is Iraq with 1,904 shipments being sent to the neighboring country with a total value of $62 million

Iranian automotive companies exported 2,237 shipments of vehicles, agricultural machinery and auto parts worth $98 million during the 11 months to Feb. 20.
According to the latest statistics released by the Islamic Republic of Iran Customs Administration, the main target market for Iranian vehicles and auto parts is Iraq with 1,904 shipments worth $62 million. 
Iraq is followed by Afghanistan with a total value of such exports at $9.9 million. The third largest market for the export of these commodities is Russia. The total value of goods exported to the country stands at $2.6 million.
Iran’s largest automaker, Iran Khodro, is set to expand its presence in the Iraqi market. However, the government in Baghdad has set import tariffs for vehicles at 8-10% and for auto parts at 15%. 
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com