Capital Goods Account for 20% of Imports
Economy, Domestic Economy

Capital Goods Account for 20% of Imports

Of the 13.2 million tons of imports worth almost $16.7 billion during the five months of the current Iranian year (started March 20), more than 20% constituted capital goods worth $3.4 billion, a deputy minister of industries, mining and trade said.
The imports indicate a 6.5% rise in weight and a 2.8% decline in value year-on-year respectively.
“Data released by the Islamic Republic of Iran Customs Administration also indicate that consumer goods accounted for nearly 18% (worth about $2.9 billion) and intermediate goods made up close to 62% ($10.3 billion) of the total amount of imports during the period,” Hossein Aboui Mehrizi was also quoted as saying by IRNA.
During this period, 50 million tons of non-oil goods worth $19.1 billion were exported, registering a 25.6% and 10.2% rise in weight and value respectively compared with the corresponding period of last year.

Short URL : https://goo.gl/O34ngg
  1. https://goo.gl/cH5iM1
  • https://goo.gl/p7dSYc
  • https://goo.gl/9BXEi8
  • https://goo.gl/SjA20n
  • https://goo.gl/eunXqs

You can also read ...

Banks will now draft a single set of balance sheets that adhere to CBI’s IFRS-based templates.
Minister of Economic Affairs and Finance Masoud Karbasian and...
ICCIMA Trade Mission Off to Spain
A 30-member commercial delegation from Iran’s private sector...
Mental Health Investment: The Economic Case
The link between mental health and economic productivity is...
Ikarus buses were popular in Iran during 1990s.
Hungarian bus manufacturer Ikarus is set to re-enter Iran...
Plan to Make Home Loans More Affordable
The administration of President Hassan Rouhani is mulling new...
Carmakers Pile Into Europe Scrappage Offers
Renault-Nissan and Kia are the latest car companies to launch...
Bloom and billet sales made up the lion’s share of KSC’s sales.
Iran’s largest steel exporter Khouzestan Steel Company...
IZMDC’s Zinc Output Tops 8,000 tons
Iran Zinc Mines Development Company’s subsidiaries produced a...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.