Iran’s automotive import bill for the first quarter of the current fiscal which started on March 21 has been published, with the total value of the imported parts standing at $779 million and 7,043 cars worth $198.9 million entering Iran.
According to statistics released by the Islamic Republic of Iran Customs Administration, in terms of value, auto parts have a 6.93% share of all commodities entering the country, topping Iran’s import bill.
The auto parts imports during the three-month period came to $779 million against $447 million a year earlier, indicating a 73% year-on-year rise.
Following auto parts are corn feed ($435 million), semi-milled or wholly milled rice ($374 million) and soybean ($372 million) as the goods making up the major imports of the country. The total value of all imports in the first quarter stands at $11.2 billion.