Domestic Economy

Iran’s non-oil trade stood at $13.98 billion during the first three months of the current fiscal year (March 20-June 20), of which exports accounted for $6.36 billion and imports for $7.62…

A total of 135,000 tons of different types of paper worth over $162 million were imported into Iran during the first quarter of the current fiscal year (March 20-June 20), says the spokesperson…

The government’s budget deficit is estimated to hit 1,800-2,000 trillion rials ($9-10 billion) by March 20, 2021, which marks the end of the current fiscal year, which is about 160 trillion…

Exports form Aras Free Trade and Industrial Zone located in West Azarbaijan Province stood at $518 million during the last Iranian year (March 2019-20) to register a more than twofold (105…

Iran has climbed to top spot in the production of direct-reduced iron. A total of 12.07 million tons of DRI, also known as sponge iron, were produced in the country during January-May to…

The average annual goods and services Consumer Price Index of the transportation sector in the 12-month period ending June 20 increased by 45.1% compared with the similar period of the year…

Excessive production of livestock over the past few months, combined with significant decline in red meat consumption due to the coronavirus pandemic, have led to a massive surplus in the cattle…

A total of 238,152 tons of dates worth $211.64 million were exported from Iran in the last Iranian year (March 2019-20), according to the spokesman of the Islamic Republic of Iran Customs…

Iran has been reducing the export of iron ore in the past few years in line with plans to curb the export of unprocessed minerals and encourage the mining industry to create added value, Deputy…

The shortage and consequently the exorbitant prices of poultry feed have phased out around 7,000 chicken farmers from the production cycle, says the secretary of Iran Chicken Farmers Union.

Sixty percent of jobs in Iran lack health and retirement benefits, which are also not entitled to government support offered to businesses during the coronavirus crisis.

The Ministry of Cooperatives, Labor and Social Welfare has registered a 94% decrease in the number of people filing for unemployment benefits during the month ending May 20 compared with the…

Almost all Iranian land borders were closed after the outbreak of coronavirus, but about 80% of which have now opened after more than four months of shutdown, according to the caretaker of the…

The average Consumer Price Index of utilities (electricity, gas and water) in the 12-month period ending June 20 increased by 22.6% compared with last year’s corresponding period. …

A total of 240,990 tons of goods were exported from the southern province of Sistan-Baluchestan’s Milak and Mirjaveh border crossings (to Afghanistan and Pakistan respectively) via 9,906 trucks…

Iran Veterinary Organization destroyed 2,246 tons of substandard red meat and chicken during the first two months of the current Iranian year (March 20-May 20). According to Ali Safar Makenali…

A total of 7.15 million tons of iron ore pellet were produced in Iran during the first two months of the current fiscal year (March 20-May 20), registering a 1% year-on-year decline. 

The average goods and services Consumer Price Index for shoes and clothing in the 12-month period ending June 20, which marks the end of the third Iranian month, increased by 36.3% compared with…

Imports of livestock feed raw material stood at 2.52 million tons worth $653.1 million during the first two months of the current Iranian year (March 20-May 20), which show 1% and 12% decline in…

The chairman of Iran-Turkey Chamber of Commerce said land and rail borders with the neighboring country are open for trade, but each country is only allowing the entry of its own citizens.…

Iran Chamber of Guilds has referred 40,000 affiliated businesses to banks to receive government-backed coronavirus bailout loans, an official with the chamber said. 

Iran issued nearly 200,000 work permits for Afghan citizens in the year ending March 2020, Minister of Cooperatives, Labor and Social Welfare Mohammad Shariatmadri said in a meeting with his…

After being held up behind Incheh Boriun border checkpoint for around four months due to the outbreak of Covid-19, 30 wagons loaded with Iranian commodities were given permission to cross the…

As many as 250 trucks from Iran cross into Iraq through northern border crossings (into the Iraqi Kurdistan) on a daily basis, mostly carrying food products and construction materials while…

Iranian steel mills produced a total of 11.44 million tons of crude steel during January-May, which indicate an 11.1% rise compared with the corresponding period of 2019, the latest report…