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Iranians Paid Near 100m Dollars for Extruders and IMM Machines

Iranians Paid Near 100m Dollars for Extruders and IMM Machines

Written By : mehrdadk
Reading time : 1 minutes

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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

Country Amount

($)

China 32.906.997
Austria 5.271.631
Luxemburg 4.793.797
Germany 3.783.068
S. Korea 2.615.423
Russia 2.543.500
Italy 1.993.322
Switzerland 1.848.661
Japan 1.698.718
U.A.E 1.695.625
Canada 1.370.319
Taiwan 1.261.206
Turkey    950.464
Sweden    333.084
India     191.441
Total 63.257.256

 

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

Country Amount

($)

Afghanistan 825.279
Italy 243.446
Georgia 184.930
Somalia 124.000
Iraq 120.436
Turkmenistan 85.725
Tajikistan 59.586
Armenia 18.160
Azerbaijan 11.460
Total 1.673.022

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

Country Amount

($)

China 14.352.626
Italy 5.601.054
U.A.E 3.835.216
Turkey 2.561.779
Germany 2.295.473
Austria 1.050.914
S. Korea 743.743
Taiwan 463.517
Belgium 171.513
Denmark 170.544
Hong Kong 154.766
India 138.347
Total 31.539.492

 

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

Country Amount

($)

Afghanistan 356.086
Italy 86.33
Iraq 24.332
Armenia 21.000
   
Total 488.25

 The source for all figures is the Iranian custom office. 

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