Iran Reports Passenger Car Imports in 9 Months

The head of the Islamic Republic of Iran Customs Administration (IRICA) said 35,127 passenger cars were imported into the country in the first nine months of the current Iranian calendar year (March 20-December 21).

According to Foroud Asgari, the total value of the imported cars was US$746.3 million, IRNA reported. "Car imports to the country [in the mentioned nine months] increased by 705% in terms of number and 768% in terms of value compared to the same period last year," Asgari said.

Iranian Industry, Mining, and Trade lifted the ban on car imports in late May 2022. The decision was made to reduce the imbalance between supply and demand and to improve the country’s economic conditions with regard to foreign currency revenues. - Tehran Times