Iran’s customs income up 87% y/y in Mar-August: IRICA chief
Iran’s customs revenues have increased by 87% in the five months to late August compared to the same period last year, according to head of the country’s customs office (IRICA).
Mohammad Rezvanifar said on Tuesday that revenues delivered by IRICA to the Iranian treasury department in March-August had reached a total of 610 trillion rials ($1.25 billion).
Rezvanifar said the surge in customs revenues had come despite new import duty exemptions applied to some basic goods like medicine.
The finance ministry official said Iran’s customs income had reached 1,580 trillions rials in the calendar year to late March, making it the third largest source of revenues for the government after oil export and tax.
He also revealed some details about Iran’s non-oil trade performance in the five months to late August, saying the country had exported a total of $18.7 billion worth of commodities over the period, down 8% year on year.
Rezvanifar said a main cause of the fall in export revenues this year is the decline in global prices of petrochemical products which account for a bulk of Iranian overseas shipments.
He said imports into Iran had increased by 8.7% year on year in March-August to reach $23.4 billion, adding that cargo transit via Iran had risen by 2.7% in volume terms over the same period.
Iran has increasingly relied on trade income, including on customs and transit revenues, as part of a policy introduced in recent years to diversify the economy away from oil.
Iran’s foreign trade reached a total of $113 billion last calendar year with exports hitting a milestone figure of $53 billion, up 10% from the year before.
Iran reports slight increase in mining sector exports in April-October
Immunity of Iran’s shipping industry to illegal sanctions
Iran parliament committee approves to lower car import tariffs
Scores killed as Takfiri terrorists target Shia Muslims in Pakistan
Pezeshkian to US, Europeans: You are killing women, children
VIDEO | COP29: another climate failure?
ICC issues arrest warrants for Netanyahu, Gallant for war crimes
Israeli strikes kill 88 Palestinians in northern Gaza
American voters plainly rejected complicity in Gaza genocide: Iran FM spox
ICC should issue more arrest warrants for Israeli authorities over Gaza genocide: UN expert
Israel using AI weapons co-produced by India in Gaza genocide: Report
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
