Economy, Domestic Economy

Capital Goods Account for 20% of Imports

Capital Goods Account for 20% of ImportsCapital 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.

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