Essential Goods Imports Hit $12 Billion in Fiscal 2020-21

Over 23 million tons of essential goods worth $12 billion were imported into Iran during the last Iranian year (March 2020-21), according to the spokesman of the Islamic Republic of Iran Customs Administration.
“The lion’s share of this sum amounting to 13.44 million tons worth $3.74 billion pertained to livestock and poultry feed. This volume accounted for 58% and 31% of the weight and value of last year’s total essential goods imports respectively,” Rouhollah Latifi was also quoted as saying by IRNA.
Also known as necessity goods, essential goods are products consumers will buy, regardless of changes in income levels.
The spokesman noted that corn stood at 9.78 million tons worth $2.5 billion, soymeal reached 1.82 million tons worth $793.94 million and barley constituted 1.83 million tons worth $457.32 million.
“Some 2.34 million tons of oilseeds worth $1.25 billion, in addition to 1.14 million tons of refined edible, semi-solid, liquid and unprocessed oils worth $1.06 billion, were imported during the period under review,” he added.