Domestic Economy

Iran held on to its ranking as the world’s 10th biggest cement producer in 2018, although the country’s production declined by 1.85% compared with 2017 to stand at 53 million tons, a report…

The housing sector registered a year-on-year inflation of 23.6% in the final month of the last Iranian year (Feb. 20-March 20) compared with the similar month of last year.  

Iran exported 448,000 tons of pastry and chocolate worth $678 million during the 11 months to Feb. 19, registering a 13% growth compared with the corresponding period of the previous year.

Iran exported 8.9 million tons of mineral products worth $1.77 billion to the neighboring country Iraq during the 11 months to Feb. 19. Mineral exports accounted for 46% and 20% of the volume…

A total of 7.09 million tons of finished and semi-finished steel products were exported from Iran during the 11 months to Feb. 19 to register a 4.33% year-on-year decrease, the Iranian Steel…

Iran Airports Company registered 34,178 takeoffs and landings during the 11th month of the last Iranian year (Jan. 21-Feb. 19, 2019), which shows a 13% decline compared with the similar period…

Iran traded 62.28 million tons of non-oil commodities worth $32.41 billion with 15 neighboring countries, namely Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan, Turkmenistan,…

Iranian steel mills produced a total of 4.24 million tons of crude steel during the first two months of 2019, up 7.6% compared with the corresponding period of 2018, the latest report released…

As per the Supreme Labor Council's decision about rise in wages for the new Iranian year that began on March 21, minimum wage workers, those who received 11.11 million rials (about $82) last…

Iran's trade in mineral products recorded a surplus of $5.05 billion during the 11 months to Feb. 19. The country exported 51.77 million tons of mineral products worth over $8.29 billion during…

Iran was the biggest importer of corn from Russia during September-February 2018-19. According to preliminary information from trade sources, Russia exported 1.4 million tons of corn over the…

The goods and services Consumer Price Index in the 12-month period ending March 20, which marks the end of last Iranian year, increased by 26.9% compared with last year’s corresponding period,…

Heavy raining and floods sweeping across much of Iranian provinces during Nowruz holidays are estimated to have caused about $470 million to the country’s agriculture and roads infrastructures…

Iran’s box office revenues reached 2.31 trillion rials ($16.73 million) in the 11 months ending Feb. 19, indicating a 36% rise compared with the corresponding period of last year. 

Iran’s food industry accounts for 2% and 8% of the weight and value of the country’s non-oil exports respectively.

The Ministry of Economic Affairs and Finance’s worst-case scenario forecast for Iran's average annual consumer inflation in the current fiscal year (March 2018-19) is at 27.8% and that of…

Roads and Urban Development Minister Mohammad Eslami inaugurated a 50,000-ton container wharf on Negin Island in Bushehr Province.  The project was carried out by the Islamic Revolution…

A total of 19,980 public complaints were filed against goods and service providers with the industries, mining and trade organizations of Iran's 31 provinces during the 11 months to Feb. 19, 85…

European countries, other than the founders of INSTEX, namely France, Germany and the UK, are willing to join the special purpose vehicle that facilitates trade with Iran, the economic and…

Some 50% of Iran’s "non-oil" exports actually consist of petroleum-based products and petrochemicals that either directly or indirectly come from the oil industry. 

Malaysia exported 566.618 tons of palm oil products worth more than $380.58 million to Iran in 2018, which shows a 6.8% and 23.6% decline in weight and value respectively compared with the…

Iranian steelmakers produced a total of 42.3 million tons of finished and semi-finished steel products during the 11 months to Feb. 19 to register a 10.94% increase compared with last year’s…

A total of 117.28 million tons of commodities were loaded and unloaded at Iran’s 21 major ports during the 11 months to Feb. 19, 2019, registering a 17.07% decrease compared with the similar…

Iran and Azerbaijan have agreed to implement an e-TIR Pilot project for making transit operations fully electronic between the two countries as of May 31, 2019.

A total of $800 million worth of commodities were exported from Iran's southern Sistan-Baluchestan Province to neighboring countries, Afghanistan and Pakistan, during the 11 months to Feb. 19.…