Domestic Economy

Iran's Import of Consumer Goods Rises But Capital Goods Fall

A total of $7.6 billion worth of consumer goods and $29.44 billion worth of intermediate goods were imported in the last Iranian year to register a respective rise of 10.54% and 9.78% compared to the year before
Iran's Imports of Consumer Goods Rise, Capital Goods Drop
Iran's Imports of Consumer Goods Rise, Capital Goods Drop

Iran’s imports of consumer and intermediate goods jumped in the last fiscal year (March 2019-20) while the other major import category, i.e. capital goods, declined dramatically compared with the previous year. 
The country imported 2.8 million tons of consumer goods worth $7.6 billion in the fiscal 2019-20 to register a 2.33% rise in weight and a 10.54% increase in value year-on-year.
Consumer goods are purchased for consumption. Alternately called final goods, consumer goods are the end result of production and manufacturing, and are what a consumer will see on the store shelf. Clothing, food and jewelry are all examples of consumer goods.
Imports of intermediate goods surged by 19.63% in weight and 9.78% in value last year to stand at 31.65 million tons worth $29.44 billion...


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