Iran-Austria Trade Surpasses $400m
Economy, Domestic Economy

Iran-Austria Trade Surpasses $400m

Iran’s trade with Austria stood at $404 million in 2016, Behrouz Hassan Olfat, director of Europe and Americas Department at the Trade Promotion Organization of Iran, announced.
According to the Islamic Republic of Iran Customs Administration, trade between the two countries dropped from $818 million in the fiscal 2011-2 to $312 million in 2014-15 due to international sanctions imposed on Iran over its nuclear program.
Figures show trade during the four years and four months to July 22, 2015, totaled $2.2 billion, 98.2% of which pertain to Iran’s imports from Austria.
Among the major Iranian products exported to the European country are agro products, herbal medicine, handmade carpets and rugs.
Iran mainly imports industrial, electrical and computer equipment, home appliances, receivers and transmitters, rail equipment, chemicals and medical equipment from Austria.


Short URL : https://goo.gl/Fm7N1W
  1. https://goo.gl/bdZAQD
  • https://goo.gl/xfeRgU
  • https://goo.gl/gEK8M5
  • https://goo.gl/basLbR
  • https://goo.gl/3BwPjX

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...

Add new comment

Read our comment policy before posting your viewpoints