Iranians Paid Near 100m Dollars for Extruders and IMM Machines

Iranians Paid Near 100m Dollars for Extruders and IMM Machines
Photo: Courtesy of Parsian IMM and decorative

Finally, Iran’s foreign trade statistics were announced for the last Iranian year (March 21st, 2017- March 20th, 2018).

According to these statistics, the Iranian plastics industry converters have imported near 100 millions of US$ extruders and injection moulding machines during last year.  More than $ 63 millions of these machinery importations has been spent for purchasing injection machines and its side equipment whereas about $ 31.5  of the budget has gone for extruders and its equipment in the year 1396.

A simple calculation based on at average rate of 40.000 Rials per one US$ during last year for importation oo such goods, shows that about 253 billion Rls. worth of plastics injection machines have been imported into Iran, out of which more than half of this amount has been spent alone for importation of the plastics injection moulding machines from China (Table I). After China, which has almost the biggest part of the stake in Iran’s market, Austria, Luxembourg and Germany are the 2nd to 4th countries respectively.

At the same time, and according to the same statistics, the amount of exports of the plastics IMM has only been $ 1.673 millions (Table II) showing a negative trade balance of $ 61.5.

An interesting point in the year 1396 was the export of the plastics IMM to Italy in 3 different months and the last one shipped in March 2018.

The two following tables below show the exports and imports of IMM machines to and from different countries.

Table I: Export of Injection Moulding machines to Iran by value

CountryAmount

($)

China32.906.997
Austria5.271.631
Luxemburg4.793.797
Germany3.783.068
S. Korea2.615.423
Russia2.543.500
Italy1.993.322
Switzerland1.848.661
Japan1.698.718
U.A.E1.695.625
Canada1.370.319
Taiwan1.261.206
Turkey   950.464
Sweden   333.084
India    191.441
Total63.257.256

 

Table II: Exportation of Iranian made Injection Moulding Machines to other countries

CountryAmount

($)

Afghanistan825.279
Italy243.446
Georgia184.930
Somalia124.000
Iraq120.436
Turkmenistan85.725
Tajikistan59.586
Armenia18.160
Azerbaijan11.460
Total1.673.022

Now paying attention to the extruder market we can evaluate it as a market with lower interest of converters in comparison with the IMM machines. The statistics show that during last Iranian year the converters have sent almost half of the money that they paid for the injection machines.

At this sector, also, the amount of exports was not so considerable. The following tables (III and IV) show imports and exports of extruders and side equipment to and from Iran.

Table III: Export of Extruders to Iran by value

CountryAmount

($)

China14.352.626
Italy5.601.054
U.A.E3.835.216
Turkey2.561.779
Germany2.295.473
Austria1.050.914
S. Korea743.743
Taiwan463.517
Belgium171.513
Denmark170.544
Hong Kong154.766
India138.347
Total31.539.492

 

Table IV: Export of Iranian made Extruders to other countries by value

CountryAmount

($)

Afghanistan356.086
Italy86.33
Iraq24.332
Armenia21.000
  
Total488.25

 The source for all figures is the Iranian custom office. 

Iranians Paid Near 100m Dollars for Extruders and IMM Machines

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