• Iran-EU Trade Tops €12b

    Trade between Iran and the 28 member states of the European Union during the first eight months of 2018 amounted to €12.02 billion, indicating a 4.4% decrease compared with last year’s similar period.
    Iran’s top five trade partners over the period under review were Italy, France, Spain, Germany and Greece with more than €2.93 billion, €1.98 billion, €1.82 billion, €1.71 billion and €1.04 billion worth of transactions respectively.
    Trade with Croatia (€62.84 million), Hungary (€80.35 million) Latvia (€6.27 million), Spain (€1.82 billion) and Austria (€390.35 million) saw the highest increase of 1,673.6%, 213.4%, 157.8%, 63.6% and 28% respectively. 
    Iran experienced the sharpest decline in trade with Cyprus (65.6%), Bulgaria (59.6%), Portugal (53.2%), the Netherlands (44.9%) and Slovakia (28.9%). 

Domestic Economy

  • Iran-EU Trade Tops €12b
    09/23/2018
    Trade between Iran and the 28 member states of the European Union during the first eight months of 2018 amounted to €12.02 billion, indicating a 4.4% decrease compared with last year’s similar...
  • Tehran to Host ‘IINEX 2018’  in October
    09/23/2018
    The 18th International Industry Exhibition, also known as IINEX 2018, is scheduled to open at Tehran International Fairground on Oct. 13, according to the event’s official website at Idro-sanat.com...
  • Without Waivers, US Sanctions on Iran Will Cripple Iraq
    09/23/2018
    Iraqi officials, struggling to form a new government months after the May parliamentary elections, now...
  • Watermelon Exports  Exceed $100m
    09/23/2018
    Iran exported 569,974 tons of watermelon worth $106.42 million during the first five months of the current fiscal year (March 21-Aug. 22), latest data released by the Islamic Republic of Iran...
  • Trade With Indonesia Rises 32%
    09/23/2018
    Iran traded 839,348 tons of non-oil commodities worth $355.73 million with Indonesia during the first five months of the current fiscal year (March 21-Aug. 22). This marks a 12.96% and 32.92%...
  • Seven Deputy Industries Ministers Resign
    09/23/2018
    Seven deputy industries, mining and trade ministers have offered their resignation in a show of support for the so-called “law banning the reemployment of retired public employees”, which includes...
  • Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
    09/23/2018
    South Korea’s new ambassador to Iran, Yu Chang Hwang, said Korean companies will...  
  • Tehran’s Ice Cream, Fruit Juice Sales Decline
    09/22/2018
    The first half of the year is the high season for ice cream and fruit juice shops, which witnesses high sales. “However, sales during the first six months of the current year (March 21-Sept. 22)...
  • Trade With Oman Rises 126%
    09/22/2018
    Iran traded 1.36 million tons of non-oil commodities worth $659.80 million with Oman during the first five months of the current fiscal year (March 21-Aug. 22). This registers a 53.71% and 126.6%...
  • Gov’t Buys 4% More Fresh Tea Leaves
    09/22/2018
    Around 101,000 tons of fresh tea leaves worth 2.01 trillion rials ($17.1 million) have been purchased from local farmers since the beginning of the current Iranian year on March 21, registering a 4...
  • US Pressuring German Firms ‘Daily’ Over Iran Sanctions
    09/22/2018
    Washington’s ambassador in Berlin has been pressuring German firms “daily” to comply with American...
  • Chocolate Imports at $1.11m in  Four Months
    09/22/2018
    More than 296 tons of chocolate worth $1.11 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22), data released by the Islamic Republic of...
  • Renovation of Mehrabad Airport Terminals by March 2020
    09/22/2018
    Renovation of terminals 1 and 2 of Tehran’s Mehrabad International Airport is expected to become complete by the end of the next fiscal year in March 2020. Mohammad Reza Zahmatkeshan, an official...
  • SCI Puts Q1 Growth at 1.7%
    09/22/2018
    Iran's economy grew 1.7% during the first quarter of the current fiscal year (March 21-June 21) compared with last year's corresponding period, the Statistical Center of Iran said it its latest...
  • IRICA: Gold, Forex Imports Not Smuggling
    09/22/2018
    The import of foreign currency does not amount to smuggling and their import, as well as those of gold, is permitted without restriction, a directive issued to all customs offices across the...
  • India in Touch With All Stakeholders on Iran Sanctions
    09/22/2018
    Following fresh US sanctions on Iran over its nuclear program that puts the strategic Chabahar Port...
  • Trade With Thailand Grows 20%
    09/18/2018
    Iran traded 1.02 million tons of non-oil commodities worth $497.85 million with Thailand during the first five months of the current fiscal year (March 21-Aug. 22). This indicates a 7.99% and 20.09...
  • Tomato Exports Earn $112m  in 5 Months
    09/18/2018
    Iran exported 306,655 tons of tomatoes worth $112.08 million during the first five months of the current fiscal year (March 21-Aug. 22). This was announced in the latest data released by the...
  • Departure Tax Revenues  Up 117 Percent
    09/18/2018
    Iranian government earned 3 trillion rials ($24 million) from departure tax in the first four months of the current year (March 21-July 22).  The figure indicates a rise of 177.2% compared with the...
  • Iran, Italy Transportation Officials Meet  in Tehran
    09/18/2018
    Officials from Iran’s Road Maintenance and Transportation Organization of Iran, affiliated with the Ministry of Roads and Urban Development, held a meeting with Italian road transportation...
  • Anzali Port to Be Connected to National Railroad
    09/18/2018
    Anzali Port in the northern Gilan Province will be connected, through a 3.8-kilometer rail route, to the national railroad system, according to the deputy minister of roads and urban development,...
  • Oil Remains Biggest Contributor to Iran’s Economic Growth
    09/18/2018
    A sectoral review of the Central Bank of Iran's latest report on Iran's economic growth shows the oil sector had the biggest contribution to the gross domestic product during the first quarter of...
  • Trade With Pakistan  Rises 23%
    09/17/2018
    Iran traded 1.27 million tons of non-oil commodities worth $642.63 million with Pakistan during the first five months of the current fiscal year (March 21-Aug. 22). This marks a 23.31% and 19.72%...
  • TCCIM to Hold Course on Drafting Business Contracts
    09/17/2018
    Tehran Chamber of Commerce, Industries, Mines and Agriculture plans to hold an educational...  
  • Press Iron Imports at $1.13m  in 4 Months
    09/17/2018
    Close to 185 tons of press iron worth more than $1.13 million were imported into Iran from four countries during the first four months of the current Iranian year (March 21-July 22), data released...

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