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36% Decline in Iran Free Trade Zone Imports

36% Decline in Iran Free Trade Zone Imports
36% Decline in Iran Free Trade Zone Imports

A total of $1.28 billion worth of commodities were imported into Iran's free trade zones in the last fiscal year (ended March 20, 2019) to register a 36.4% decline compared to the year before.
According to Mohammad Reza Abdolrahimi, an official with the High Council of Free Trade Zones and Special Economic Areas, the imports mainly included raw materials, equipment, machinery and consumer goods. 
The official noted that motor vehicle imports witnessed a remarkable year-on-year decrease of 89% to around $53 million.

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