Domestic Economy

Iran traded 504,425 tons of non-oil commodities worth $220.82 million with Egypt during the last fiscal year (ended March 20, 2019) to register a 32.82% and 14.53% decline in tonnage and value…

Iran traded 49.41 million tons of non-oil commodities worth $26.37 billion with BRICS countries in the last Iranian year (ended March 20, 2019), registering an 8.65% and 9.18% decline in tonnage…

Half the capacity of Iran's 9,000 textile and clothing manufacturers remains untapped due to credit crunch, poor sales and sanctions, a board member of Iran Textile Specialists Association said…

Over 3.3 million tons of barley are estimated to be produced in Iran in the current fiscal year (March 2019-20) to register a 10% increase compared to the previous year, the director general of…

Iran recorded an agrifood trade deficit of $4.44 billion in the last Iranian year (March 2018-19), which shows a 5.7% improvement year-on-year.  More than 6.95 million tons of agricultural…

The overall Producer Price Index of the electricity sector (using 2011 as the base year) stood at 126.24 in the last fiscal year (ended March 20, 2019), indicating a 4.74% growth over the year…

A total of 81,500 tons of red meat were produced in Iran during the fourth quarter of last Iranian year (Dec. 22, 2018-March 20) to register a 23% decline compared with the similar period of the…

A new chief executive has been appointed to manage Iran's flag carrier airline Iran Air, formerly known as Homa. Touraj Dehqani Zanganeh replaces Farzaneh Sharafbafi, Iran Air’s first female…

Iran traded 94,242 tons of non-oil commodities worth $344.08 million with Hong Kong during the last Iranian year (ended March 20, 2019) to register a 32.51% and 29.88% decline in tonnage and…

Iran recorded $4.57 billion in non-oil trade surplus with nine other members of Economic Cooperation Organization during the last fiscal year (ended March 20, 2019).

Land under cotton cultivation will increase by 20% to stand at 80,000 hectares in the current Iranian year (started March 21), the deputy agriculture minister said.

Iran’s industrial sector has slumped into contraction as the new Iranian year (March 2019-20) got underway, the latest purchasing managers’ index report of the Iran Chamber of Commerce,…

Iran Chamber of Commerce, Industries, Mines and Agriculture is conducting a survey into the performance of organizations and agencies of three branches of the government (legislative, judiciary…

A total of $1.28 billion worth of commodities were imported into Iran's free trade zones in the last fiscal year (ended March 20, 2019) to register a 36.4% decline compared to the year before.…

Exports of finished steel products surged 84% YOY to reach 2.98 million tons in the last fiscal year (ended March 20, 2019).  Rebar was the main exported finished product with 1.65 million…

The average Producer Price Index for the mining sector in the last fiscal year (ended March 20, 2019) increased by 50.9% compared with the year before to reach 349.9 (using 2011 as the base year…

There seems to be no end in sight to the huge and sudden rise in paper prices, as well as many other goods for that matter.  Publishers have seen an astonishing 340% increase in the price…

The Industrial Development and Renovation Organization of Iran has signed a memorandum of understanding with the most experienced German company in organizing trade fairs, IMAG. 

Iran traded 686,597 tons of non-oil commodities worth $600 million with Taiwan in the last fiscal year that ended on March 20, 2019, to register a 53.27% and 45.91 decline in tonnage and value…

Iran traded 2.04 million tons of non-oil commodities worth $942.29 million with Thailand in the last fiscal year (ended March 20, 2019), registering a 14.83% and 13.05% decline in tonnage and…

Iran traded 5.06 million tons of non-oil commodities worth $2.68 billion with Caspian Sea littoral states in the last fiscal year (ended March 20, 2019) to register a 22.32% and 31.51% growth in…

The industrial sector's average Producer Price Index in the year ending March 20, 2019 (the final day of the last fiscal year) grew by 64.6% compared with the same period of the year before.

Iraq was the biggest importer of Iran's mineral products worth $1.93 billion in the last fiscal year that ended on March 20, 2019. According to data released by the Iranian Mines & Mining…

Iran Chamber of Commerce, Industries, Mines and Agriculture hosted an economic forum with representatives of Syria’s private sector led by Samer al-Debs, chairman of Damascus Chamber of Industry…

The first phase of Bistoon Steel Mill was inaugurated in Harsin County, Kermanshah Province, on May 1 in the presence of President Hassan Rouhani and Minister of Industries, Mining and Trade…