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Essential Goods Account for 70% of Total Import Volume

Five essential items, namely corn, barley, oilseeds, unprocessed oil and soybean meal, were subsidized imports weighing 12.29 million tons worth $4.14 billion
Essential Goods Account for 70% of Total Import Volume
Essential Goods Account for 70% of Total Import Volume

A total of 17.46 million tons of essential goods worth $8.76 billion were discharged from Iranian customs offices during the nine months to Dec. 20, according to Rouhollah Latifi, the spokesperson of the Islamic Republic of Iran Customs Administration.
Overall imports stood at over 25 million tons during the same period, of which 70% constituted 25 groups of essential goods, he added. 
A total of $26.8 billion worth of goods were imported into Iran during the period. 
Also known as necessity goods, essential goods are products consumers will buy, regardless of changes in income levels.
“Five essential items, namely corn, barley, oilseeds, raw oil and soybean meal, were subsidized imports weighing 12.29 million tons worth $4.14 billion. They accounted for 49% of country’s total imports and 70.5% of all essential goods imports in terms of weight,” he was quoted as saying by IRNA. 
Corn imports, the top subsidized commodity, reached 7.24 million tons worth $1.77 billion during the period under review. It was followed by 1.84 million tons of oilseeds worth $949.75 million; 756,121 tons of raw oil worth $627.86 million; 1.1 million tons of soybean meal worth $461.74 million; and 1.34 million tons of barley worth $326.83 million.

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