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Import of Strategic Products Declining
Economy, Domestic Economy

Import of Strategic Products Declining

A look at the complementary report released by the Islamic Republic of Iran Customs Administration on last year’s foreign trade shows Iran’s dependency on imported strategic products reduced significantly during the March 2015-16 period. Last year’s wheat imports had a $1.55 billion decline compared to a year before to reach $862 million. Imports of field corn decreased from $1.79 billion to $1.4 billion; rice from $1.43 billion to $680 million; soybean meal from $1.26 billion to $672 million; grains from $6.21 to $3.44 billion; vegetable oils from $1.47 billion to around $1 billion; tobacco and raw tobacco from $236.65 million to $225.37 million; and sugar and sugar cubes from $410.18 million to $202.43 million.

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