EghtesadOnline: The Export Price Index, an indicator measuring the overall change in prices for goods and services sold abroad, (using the year ending March 2017 as a base year), stood at 850 in the second quarter of the current Iranian year (June 21-Sept. 21) in terms of rial.
EghtesadOnline: The government has envisioned a 15% rise in customs duties on the import of cosmetics as per the budget bill for the next fiscal year (March 2021-22).
EghtesadOnline: The Export Price Index, an indicator measuring the overall change in the prices of exported goods and services, (using the year ending March 2017 as a base year), stood at 625.6 in the first quarter of the current Iranian year (March 20-June 20) in rial terms, registering a 28% increase compared with the quarter before and an 88.8% rise compared with the same quarter of the year before.
EghtesadOnline: Import order registration for $1.96 billion worth of pharmaceuticals and medical equipment has been made from March 20 to Sept. 5, indicating a 9% decline compared with the corresponding period of last year, the head of Iran Food and Drug Administration said.
EghtesadOnline: The government has added 800 items to the list of banned imports since last fiscal year (started March 21, 2019), which bring the total number of banned imported commodities to 2,400, the head of Trade Promotion Organization, Hamid Zadboum, said.
EghtesadOnline: This year’s seasonal ban on rice imports has been postponed and will come into effect on Sept. 22 instead of the previously announced date (July 22), according to the Islamic Republic of Iran Customs Administration’s deputy for technical affairs.
EghtesadOnline: Atotal of 8.86 million tons of essential goods worth $3.97 billion were imported into Iran during the first four months of the current fiscal year (March 20-July 21), registering a 0.41% increase in weight but a 30% decline in value compared with the corresponding period of last year, according to Rouhollah Latifi, the spokesman of Islamic Republic of Iran Customs Administration.
EghtesadOnline: Iran would no longer need to import the raw material needed to produce black fabrics for chador—a full-body semicircular piece of fabric used by some Muslim women to cover the body while leaving the face uncovered.
EghtesadOnline: Iran’s imports of consumer and intermediate goods jumped in the last fiscal year (March 2019-20) while the other major import category, i.e. capital goods, declined dramatically compared with the previous year.
EghtesadOnline: The government has discontinued the payment of subsidies for the import of animal feed premixes—vitamins, minerals, trace elements and other nutritional additives—used to prepare animal feed, Chairman of Iran Feed Industry Association Majid Movafeq Qadirly said.