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Iran's Home Appliance Market Abounds With Contraband

Iran's Home Appliance Market Abounds With ContrabandIran'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.

 

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