Domestic Economy

Iran's Fiscal 2021-20 Import Bill: $38b

Iran's Fiscal 2021-20 Import Bill: $38b
Iran's Fiscal 2021-20 Import Bill: $38b

Thirty commodities accounted for one-third of the value of Iran’s total imports in the last fiscal year that ended in March.
The Persian-language daily Donya-e-Eqtesad, citing data from the Islamic Republic of Iran Customs Administration (IRICA), said imports included 4,959 goods weighing 33.7 million tons worth $38.89 billion. 
Last year’s imports decreased six percent in volume and 12% in value compared to the year before. 
Livestock feed, cell phones and rice topped the list: 9.86 million tons of livestock feed worth $2.5 billion, 5,000 tons of cell phones worth $2.43 billion and 1.03 million tons rice worth $925 million were imported. 
Imports were divided into three groups of capital, intermediate and consumer goods. Consumer goods accounted for 16% of value and 5.6% of weight of the imports; intermediate goods accounted 70% of value and 93% in volume and capital goods 14% of the value and two percent of the overall import. 


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