Domestic Economy

A total of 56 domestically-made and renovated wagons worth 1.25 trillion rials ($7.81 million) joined Iran's rail fleet in a ceremony held on Wednesday.  Minister of Roads and Urban…

The Islamic Republic of Iran Customs Administration is now offering special customs credit to importers of essential goods, says Mehrdad Jamal Arvanaqi, an official with the administration.…

Sheikh Saleh border crossing in the central district of Salas-e Babajani County, Kermanshah Province, is set to reopen on April 30, spokesperson of the Islamic Republic of Iran Customs…

The sixth round of payments to people as compensation for higher gasoline prices, in effect since November 2019, was to be made to the heads of households on Wednesday, April 29.

Iran exported 7.1 million tons of agricultural and food products worth $5.82 billion in the last fiscal year that ended on March 19, 2020, to register a 2.34% rise in tonnage and 8.93% decline…

Deputy Foreign Minister Gholamreza Ansari said all borders of Iran, except the one with Turkmenistan, are open, adding that the country's missions abroad are negotiating with the host countries…

A total of $450 million worth of chocolate and pastry were exported from Iran during the last fiscal year (March 2019-20). 

Trade between Iran and EU member states during January-February stood at €787.66 million to register a 9.17% increase compared with the similar period of 2019, latest data provided by the…

The growth in overall Consumer Price Index in the first month of the current Iranian year (March 20-April 19) was the highest (3.8%) in Kurdestan and Kohgilouyeh-Boyerahmad provinces when…

A total of 18,000 tons of goods worth $41 million were exported from Razi border crossing in West Azarbaijan’s Khoy County via 813 cargo wagons during the first month of the current Iranian year…

Guaranteed purchase prices for raw silk cocoon have increased by 56% this year (started March 20) to reach 335,000 rials (around $2) per kilogram, according to the head of Iran Sericulture…

The outbreak of the novel coronavirus disease, COVID-19, has inflicted 34.7 trillion rials ($216 million) in losses to greenhouses and producers of flowers, plants, herbs and mushroom in Iran.…

The Economist Intelligence Unit’s latest Cost of Living report on the cost of living in 133 cities shows Tehran ranks 106th among the most expensive cities of the world. The ranking has climbed…

More than 284,410 tons of goods worth $112.86 million were exported from Kermanshah Province’s customs terminals during the first month of the current Iranian year (March 19-April 19).

About 400,000 tons of essential goods were imported into Iran's southern Hormozgan Province since the beginning of the current fiscal year (March 19). According to Abolfazl Akbarpour, a customs…

Guilds across the country registered an 83% decline in sales during the fourth quarter of the last fiscal year (Dec. 21, 2019-March 19, 2020) compared with Q4 of the year before. All guilds…

The Ministry of Industries, Mining and Trade has banned the export of limes, lemons and rubber band used in making masks to meet the surge in demand following the outbreak of coronavirus.…

Iran’s commercial exchanges with its top trading partner China stood at $3.94 billion during the first three months of 2020 to register a 30.4% decline compared with the corresponding period of…

The Agriculture Ministry has temporarily lifted restrictions on rice cultivation in the country after it had announced plans to gradually limit and ultimately ban the production of this staple…

The Iranian National Tax Administration has extended the deadline for the mandatory use of point of sale machines by 15 guilds to Sept. 21 due to the coronavirus, INTA Chief Omid Ali Parsa said…

Germany’s fourth batch of pharmaceutical raw materials worth €25,000 has arrived in Iran through West Azarbaijan Province’s Sari Su border near Maku, the managing director of Bazargan Customs…

A total of 1.22 million tons of dates were produced in the last Iranian year that ended on March 19, 2020, of which 200,000-220,000 tons have been stored for supply during the holy month of…

A total of 10.36 million tons of finished and semi-finished steel products were exported from Iran in the last Iranian year that ended on March 19, 2020, to register a 22.21% year-on-year…

A break in fiber optic cable has interrupted Iran-Turkey cross-border trade, says spokesperson of the Islamic Republic of Iran Customs Administration, Rouhollah Latifi.

Rimdan border crossing on the Iran-Pakistan frontier reopened on Saturday, says spokesperson of the Islamic Republic of Iran Customs Administration, Rouhollah Latifi. According to the official…