Domestic Economy

A total of 147,000 tons of olives have been produced on 92,000 hectares of plantations since the beginning of the current Iranian year on March 21, 2019, to register a 43% year-on-year rise,…

The producer price index in the four-quarter period ending Dec. 21, 2019, which marks the end of the third quarter of the current Iranian year, grew by 50% compared with the corresponding period…

Iran and the Eurasian Economic Union have traded $1 billion worth of goods since Oct. 27, when a preferential trade agreement between the two sides came into effect.

A total of 39.34 million tons of iron ore concentrates were produced in Iran during the first 10 of the current Iranian year (March 21, 2019-Jan. 20) to register a 3% growth compared with the…

Iran's gross domestic product, excluding oil production, recorded a positive growth rate of 0.9% in the third quarter of the current fiscal year (Sept. 23-Dec. 21). The overall GDP growth,…

Iran’s International Property Rights Index score has declined by 0.169 to 4.578, placing it 12th in the Middle East and North Africa region and 103rd in the world, according to Property Rights…

Severe flooding that hit Iran in March and April was the world's ninth costliest weather disaster of 2019, according to insurance broker Aon (formerly called Aon Benfield). 

Major Iranian lead and zinc producers extracted a total of 821,905 tons of ores during the first 10 months of the current Iranian year (March 21, 2019-Jan. 20) to register a decline of 12%…

National Iranian Copper Industries Company and its subsidiaries, including Sungun Complex, Miduk Complex and Sarcheshmeh Copper Complex produced an aggregate of 991,144 tons of copper…

Iranian aluminum producers had an aggregate output of 221,223 tons of aluminum ingots during the first 10 months of the current Iranian year (March 21, 2019-Jan. 20), which indicates a 17%…

The Cabinet has set 12 million rials ($88.8) in annual perks for government employees and pensioners paid before the onset of the Iranian New Year with their salary for 11th month of the Iranian…

West Azarbaijan Province has exported $1.69 billion worth of commodities since the beginning of the current fiscal year (March 21, 2019). “This is while exports from the province amounted to $1…

Iran’s commercial exchanges with the US stood at $74.5 million in 2019 to register an 84.97% decline compared to the year before. Latest data released by the US Census Bureau show Iran exported…

Exports of dates will be subject to customs duty from April 3 to May 20, Hamid Zadboum, the head of Trade Promotion Organization of Iran, announced in a letter to the National Association of…

An official with the Ministry of Cooperatives, Labor and Social Welfare said performance-based contracting has been put in place for a total of 10,000 farmers over the past one and a half years…

Mobarakeh Steel Company registered the largest share of steel production in Iran during the first 10 months of the current Iranian year (March 21, 2019-Jan. 20) with an output of 14.65 million…

The Iranian Cabinet on Wednesday gave the Islamic Republic of Iran Customs Administration the nod to initiate customs clearance process of Group IV products that are close to their expiration…

Iran's box office earnings during the first 10 months of the current Iranian year (March 21, 2019-Jan. 20) stood at 2.76 trillion rials ($20.53 million) to register an increase of 578.13 billion…

Iran’s business environment improved for the fourth consecutive time in the three-month period ending Dec. 21, according to Iran Chamber of Commerce, Industries, Mines and Agriculture. …

A total of 50.47 million tons of commodities were transported by railroads in the last Iranian year (March 2018-19), showing an 8% increase compared with the previous year, according to a report…

Iranian free trade zones exported $1.1 billion worth of commodities during the last fiscal year (March 2018-19). According to a report by the Majlis Research Center based on data from the High…

A Chinese fishing trawler smuggling 50 tons of lanternfish (or myctophids) worth 20 billion rials ($148,698) was seized in the southeastern port of Jask, Hormozgan Province, on the Makran Coast…

The Ministry of Industries, Mining and Trade estimates that 8.67 billion cigarettes were smuggled into Iran during the nine months to Dec. 21, 2019, indicating a 43.5% decline compared with the…

Iran’s agricultural production is expected to reach 128 million tons by the end of the current fiscal year (March 19) to witness a 6-million-ton increase compared with last year’s output,…

Tehran Chamber of Commerce, Industries, Mines and Agriculture plans to hold a conference entitled "Reviewing Ways to Promote Iran-India Business-Economic Relations" on Feb. 17.