Domestic Economy

Iran traded 2.79 million tons of non-oil commodities worth $1.43 billion with Afghanistan during the first five months of the current fiscal year (March 21-Aug. 22), registering a 15.46% and 31.…

Iran imported 13.96 million tons worth $18.89 billion during the first five months of the current fiscal year (March 21-Aug. 22), down 5.82% in weight and 9.66% in value over last year’s similar…

India and Iran on Tuesday reviewed the progress on completing the Chabahar Port project that will provide India a critical transport link to Afghanistan, bypassing Pakistan.

Italy’s aerospace giant Leonardo SpA says ATR, which it co-owns with France’s Airbus SE, is in talks with alternative buyers for the remaining aircraft in a €1 billion ($1.6 billion) deal with…

A total of 1,330 tons of stationery products worth $9.51 million were imported into Iran during the first five months of the current fiscal year (March 21-Aug. 22).

Importers of…

Some $2 billion worth of sohan–a traditional Persian saffron brittle toffee made in Iran–are exported from Qom Province in southwest Tehran every year.

The announcement was made by Amir…

Iran’s budget deficit came in bigger than expected, as usual, in the first four months of the current fiscal year (March 21-July 22) to reach 312.5 trillion rials ($2.93 billion), the latest…

Close to 1.16 million tons of non-oil commodities were exported from Kish Port in southern Iran during the first five months of the current fiscal year (March 21-Aug. 22), registering a 211%…

The Iranian Cabinet permitted, in its Sept. 5 session, the import of medical equipment that have locally-manufactured counterparts due to the special condition of the country. Such imports must…

Iran traded 6.39 million tons of non-oil commodities worth $3.43 billion with Iraq during the first five months of the current fiscal year (March 21-Aug. 22). This marks a 16.32% and 28.2%…

The government’s recent ban on exports of certain products, including tea, oilseeds, palm oil, sugar, milk powder, baby formula, butter and meat, is aimed at regulating the domestic market and…

Exports of Iran’s industrial sector, excluding crude oil, hit 26.74 million tons worth $17.91 billion during the first three months of the current Iranian year (March 21-June 21).

This…

More than 209,650 tons of banana worth over $200 million were imported into Iran during the first five months of the current fiscal year (March 21-Aug. 22).

This shows a 28.49% and 11.41…

Iran’s economy is on the brink of experiencing a crisis, if not already. What got us here? 

Farhad Nili, the representative of the Central Bank of Iran to the World Bank, believes…

More than 113,000 tons of glassware were produced in the first three months of the current Iranian year (March 21-June 21), registering an increase of 15.9% compared with last year’s…

Of the 80,000 licensed production units in Iran, 68,000 or 85% are operating, a deputy minister of industries, mining and trade said.

“About 90% of the production units are small, 6% are…

The agricultural mechanization coefficient in Iran currently stands at its highest of 1.65 horsepower per hectare.

The coefficient is expected to increase to 2.1 hp/ha by the end of the…

Iran traded 9.48 million tons of non-oil commodities worth $6.16 billion with the UAE during the first five months of the current fiscal year (March 21-Aug. 22), registering a 2.08% and 3.39%…

The closure of Khorramshahr-Basra passenger shipping line is not related to recent conflicts in the Iraqi city, the deputy head of Ports and Maritime Organization said.

Hadi Haqshenas…

Iran's machine-made carpet, moquette and flooring industry depends largely on imported raw materials and machinery. 

Iran exported 3,209 tons of shampoo worth close to $5.75 million during the first four months of the current Iranian year (March 21-July 22), based on the latest figures released by the Islamic…

The share of domestic manufacturers in the production capacity of stationery products has increased from 20-40% over the past two years, the head of Stationery and Engineering Equipment Sellers…

The first forum on opportunities for Iranian businesspeople, producers and service providers in Eurasia’s market is scheduled to be held on Sunday at the Islamic Republic of Iran Broadcasting…

Iran is one of the most significant member states of the United Nations' International Maritime Organization and is moving toward the objectives of this organization, IMO Secretary-General…

Iran traded 12.62 million tons of non-oil commodities worth $8.6 billion with China during the first five months of the current fiscal year (March 21-Aug. 22), registering a 15.63% decline in…