• Domestic Economy

    SCI Examines Export, Import Price Changes in 4th Quarter

    The annualized price rise of commodities exported from and imported to Iran in the Q4 (Dec. 22-March 20) of the current fiscal year  respectively stood at 142.8% and 471.8% in rial terms, and 11.6% and 54.7% in dollar terms

    The Statistical Center of Iran has reviewed changes in prices of commodities exported from and imported to the country in the fourth quarter of the last fiscal year (Dec. 22, 2021-March 20).

    According to SCI, Export Price Index, an indicator measuring the overall change in prices of exported goods and services, (using the year ending March 2017 as the base year), stood at 3,487 in Q4 in terms of rial, registering a 20.1% increase compared with the previous quarter and a 116.3% rise compared with the same quarter of the previous year.

    The average EPI during the four quarters to March 20 (annualized) witnessed a 142.8% growth compared with the corresponding period of the year before. 

    The report noted that the third quarter saw EPI stand at 143.1 in dollar terms, registering a decrease of 1% over the preceding quarter, but a 5.8% increase year-on-year.

    The average EPI in dollar terms during the four quarters to March 20 witnessed an 11.6% rise compared with last year’s corresponding period. 

    SCI also reported the Import Price Index, an indicator measuring the overall changes in prices of imports.

     

    Q4 exports hit 30.44 million tons worth $13.48 billion while imports reached 11.08 million tons worth $16.07 billion

    Using the year ending March 2017 as the base year, IPI stood at 81,791 in Q4 in terms of rial, registering a 53.2% increase compared with the preceding quarter and a 475.1% rise compared with the same quarter of the year before.

    The average IPI during the four quarters to March 20 witnessed a 471.8% growth compared with the preceding year’s corresponding period.

    The three-month period saw IPI stand at 430 in dollar terms, registering a 12% quarter-on-quarter increase and a 53.7% year-on-year rise. 

    The average IPI in dollar terms during the four-quarter period to March 20 witnessed 54.7% growth compared with the same period of the preceding year.

    Iran’s trade hit 41.52 million tons worth $29.55 billion in the fourth quarter of last Iranian year (Dec. 22-March 20), registering a 14% and 37% year-on-year growth in weight and value respectively, according to the spokesman of the Islamic Republic of Iran Customs Administration.

    Trade volume shows a 4% decline in weight, but a 9% rise in terms of value quarter-on-quarter.

    “Export’s share accounted for 30.44 million tons worth $13.48 billion in Q4 [winter], registering a 10% and 39% YOY growth in terms of weight and value, but a 5% decline in weight and a 1% growth in value QOQ,” Rouhollah Latifi was also quoted as saying by IRNA.

    Imports hit 11.08 million tons worth $16.07 billion, registering a 29% and 35% YOY growth in weight and value respectively and a 1% and 16% QOQ increase in terms of weight and value.