Domestic Economy

A total of 3,277 tons of virgin olive oil worth $12.14 million were imported into Iran in the last Iranian year (March 2018-19), data released by the Islamic Republic of Iran Customs…

Fresh data on Iran's trade show the country exchanged $79 billion worth of goods during the first 11 months of the current year (started March 21, 2019).  

Fifteen guilds, including 50 occupations, have been required to use Point of Sale machines and issue receipts for the services and goods offered, as of the beginning of the next Iranian year (…

The value of domestically-made pharmaceuticals has increased 30% in the current Iranian year (started March 2019) and about €600 million less were spent on the import of medicines, says Health…

A total of 13,000 tons of contraband worth 800 billion rials ($5.63 million) were destroyed in the 10 months to Jan. 20, according to the deputy head of the Organization for Collection and Sale…

Iran produces 1 million tons of eggs annually, says the head of Iran Veterinary Organization, adding that the country is the world’s 10th biggest egg producer. Alireza Rafiepour added that…

Imports of livestock and poultry feed saw a 16% and 26% growth in weight and value respectively to reach 11.81 million tons worth $3.27 billion in the 10 months to Jan. 20.  

The decision to impose customs duty on date exports has been criticized by the head of Iran Chamber of Cooperatives' Agriculture and Food Industries Commission. Arsalan Qasemi has voiced his…

Iran exported 331,889 tons of dairy products worth $358.12 million during the first 10 months of the current Iranian year (March 21, 2019-Jan. 20), according to the spokesman of the Islamic…

Iran’s economic climate is indicative of the pressure exerted by sanctions, says Mohammad-Qoli Yusefi, professor of economics at Allameh Tabataba’i University.

Two pieces of news broke in the past couple of weeks concerning taxation.  First, Omid Ali Parsa, the director of Iranian National Tax Administration, said once the parliament gives its…

Iran’s chicken output is expected to reach 280,000 tons in the next Iranian month (Feb. 20-March 19), the head of Iran Broiler Breeders Union’s board of directors said. Boroumand Chahar-Aeen…

Mack trucks of 1967 are still rolling on Iranian roads.  Transport trucks that should have been sent to the scrapyard years ago still fetch an exorbitant price. 

Trade between Iran and EU member states in 2019 stood at €5.22 billion to register a 71.54% decline compared with €18.35 billion in 2018, latest data provided by the European Statistical Office…

A total of 186 tons of saffron worth $200 million were exported from Iran during the first nine months of the current Iranian year (March 21-Dec. 21, 2019), according to the executive manager of…

The Purchasing Managers' Index for the industrial sector during the 10th month of the current fiscal year (Dec. 22, 2019-Jan. 20) settled at 51.92 from 56.93 in the preceding month, indicating a…

Excess production and price decline have inflicted losses amounting to 11 trillion rials ($79.13 million) on Iranian chicken farms over the past four months, the head of Iran Broiler Breeders…

Iran exported 2.26 million tons of commodities worth $867 million to Pakistan during the nine months to Dec. 21, 2019, to register a 20% rise in tonnage and a 3% decline in value compared with…

Iranian home appliance market had a turnover of $3.3 billion in the last fiscal year (March 2018-19), the head of Home Appliance Sellers and Producers Union said. Morteza Miri added that…

Iran accounts for less than 1% of the global trade of halal products, according to the Leader of the Islamic Revolution's representative in the Agriculture Ministry.

Iran is the world’s biggest producer of damask rose, accounting for 70% of the global production, according to the executive manager of the Agriculture Ministry's National Medicinal Plants…

Purchasing Managers Index in the 10th month of the current fiscal year (Dec. 22, 2019-Jan. 20) settled at 44.26, indicating that Iran’s economy remains in recession, according to the Statistics…

The National Iranian Copper Industries Company sold 183 trillion rials ($1.35 billion) worth of products during the 10 months to Jan. 20. The announcement was made by NICICO’s Managing Director…

Iran exported more than 300,000 tons of dates in the last fiscal year (March 2018-19) to account for 15% of global trade of the crop, according to Agriculture Ministry official.

A total of 118.18 trillion rials ($872.17 million) have been allocated for the transportation sector in the next fiscal year's (March 2020-21) budget bill, of which 95.3% will be spent on…