56891
Iran's Home Appliance Market Abounds With Contraband
Economy, Business And Markets

Iran's Home Appliance Market Abounds With Contraband

One-third of all home appliances in the Iranian market is smuggled, an official with the Ministry of Industries, Mining and Trade said.
According to Abbas Hashemi, $485 million worth of home appliances were legally imported to Iran while exports stood at $170 million during the eight months to November 20.
“Smuggled home appliances meet 30-40% of the domestic demand,” he was quoted as saying by Mehr News Agency.
The home appliances market in Iran is worth 200 trillion rials (over $4.95 billion at market exchange rate).
Domestic production accounts for only a quarter of this amount and the rest is dominated by foreign brands, according to the Association of Household Appliances Industries of Iran.

 

Short URL : https://goo.gl/yNEPXj
  1. https://goo.gl/Xc1LxG
  • https://goo.gl/g81WUQ
  • https://goo.gl/sWqa04
  • https://goo.gl/R2TWNe
  • https://goo.gl/DoyITR

You can also read ...

The share of Iranian railroads in steel transportation is one-third.
There were high hopes for the Iranian mining industry after...
To moderate bank interest rates, the central bank has established links with the Securities and Exchange Organization.
CBI Governor Valiollah Seif has named the newly-formed cordial...
Interbank Transactions Top $800 Billion
Iranian interbank transactions during the fiscal year to March...
New Veep for Economic Affairs
President Hassan Rouhani appointed Mohammad Nahavandian as his...
Amazon, Ebay Purchases Via Third Party Website
A payment facilitation website called ‘Laklak’  (meaning stork...
Tehran to Host 1st Int’l Halal Confab in December
The First International Halal Conference is scheduled to be...
Carpet Exports Exceed $70m in 3 Months
Around $74 million worth of machine-woven carpets were...
Computer Algorithm Maps Brain for First Time
A US research team for the first time has developed a computer...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus