TEHRAN - The Islamic Republic of Iran Customs Administration (IRICA) said 22,264 passenger cars were imported into the country in the first six months of the current Iranian calendar year (March 20-Septemebr 21).

Based on the IRICA data, the total value of the imported cars was $438.668 million, IRIB reported.

The number of passenger cars imported in the first six months of last year was 1,736 units with a total value of $36.565 million.

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.

EF/MA