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Iran imports over $1.6b worth of medicine in 11 months

Source: Tehran Times

Iran imported $1.601 billion worth of medicine in the first eleven months of the current Iranian calendar year, which began on March 21, 2013, an official at the Iranian Customs Administration said on Wednesday.

Medicine Prices
(cartoon by Payam Boroumand, Etemaad daily)

The country imported 180,368 tons of medicine in the 11-month period, Mohammad Reza Naderi said.

Imports of medicine rose by 23.5 percent in value and 29 percent in volume compared to the previous year, he noted.

In November 2013, ISNA quoted the Syndicate of Iranian Pharmaceutical Importers' chairman as saying that Iran has allocated $400 million to the importation of medicine.

Nasser Riahi added that the Central Bank of Iran has deposited the sum in seven banks of the country.

The figure could be increased to one billion dollars, he mentioned.

Iran's Health Ministry official Hossein Ayati has said some 97 percent of Iran's required medicine is currently produced domestically.

About 50 percent of necessary raw material for producing the medicine is imported, he added. Last year, some $1.7 billion was allocated to import medicine which is not produced inside the country, the official said.

... Payvand News - 03/13/14 ... --

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