Economy, Auto

Iran's Two-Month Auto Parts Import Bill: $468m

Two-Month Auto Parts Import Bill: $468mTwo-Month Auto Parts Import Bill: $468m

Iran’s auto parts import bill for the first two months of the current fiscal which started on March 21 has come in with the total value of the goods standing at $468.7 million.
According to statistics released by Islamic Republic of Iran Customs Administration, in terms of value, auto parts have a 6.9% share of the goods entering Iran, topping Iran’s import bill. 
The figures attest to local carmakers’ overdependence on foreign suppliers, leaving them vulnerable to foreign currency ...


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