• Iran-EU Trade Tops €12b

    Trade between Iran and the 28 member states of the European Union during the first eight months of 2018 amounted to €12.02 billion, indicating a 4.4% decrease compared with last year’s similar period.
    Iran’s top five trade partners over the period under review were Italy, France, Spain, Germany and Greece with more than €2.93 billion, €1.98 billion, €1.82 billion, €1.71 billion and €1.04 billion worth of transactions respectively.
    Trade with Croatia (€62.84 million), Hungary (€80.35 million) Latvia (€6.27 million), Spain (€1.82 billion) and Austria (€390.35 million) saw the highest increase of 1,673.6%, 213.4%, 157.8%, 63.6% and 28% respectively. 
    Iran experienced the sharpest decline in trade with Cyprus (65.6%), Bulgaria (59.6%), Portugal (53.2%), the Netherlands (44.9%) and Slovakia (28.9%). 

Domestic Economy

  • Iraq Tar Transit to Pakistan Via Iran Railroad
    A shipment of tar has been transited from Iraq to Pakistan for the first time through Iran’s railroad, the director general of the South East Railroad Company announced.  Majid Arjouni added that...
  • Representatives from more than 400 domestic and foreign companies from 25 countries are participating in 17th Iran International Confectionary Fair.
    Iran exports $700 million worth of pastry and chocolate to more than 60 countries annually. This was announced by Secretary of Iranian Pastry and Chocolate Association Jamshid Maghazei on the...
  •  Between 1990 and 2017, Iran’s HDI value increased from 0.577 to 0.798, indicating an annual increase of nearly 1.21%
    Iran climbed one step to rank 60th among 189 countries reviewed in the latest Human Development Index report released by the United Nations Development Program.  Notably, the country is placed...
  • Afghan Ban on Iranian Imports Pertains to S. Khorasan Border
    The ban placed by Afghanistan Customs Department on the import of Iranian oil products, cement, steel products, tiles and ceramics is related to Farah border crossing in Iran’s South Khorasan...
  • Ardakanian to Chair Economic Commissions With Russia, Germany
    The Energy Ministry has been appointed as the body responsible for Iran’s joint economic commissions with Russia and Germany. This was proposed by Foreign Minister Mohammad Javad Zarif and...
  • Alborz Province Launches First Passenger Airport
    The passenger terminal of Payam International Airport, located in the city of Karaj 40 km from Tehran, was officially launched on Friday after Taban Airline’s MD88 operated a maiden flight from...
  • Kerman Pistachio Farmers’ Losses Exceed $200m
    Pistachio farmers in Kerman Province have incurred losses of 30 trillion rials ($227 million) so far in the current Iranian year (started March 21) due to a drastic decline in production, the head...
  • FAO Surveys New Plant Breeding Approach in Iran
    An evolutionary, participatory plant breeding approach compatible with the Iranian environment has been successful in reducing vulnerabilities of small-scale farmers, improving crop yields and...
  • Kabul Bans Import of Four Types of Iranian Products
    Afghanistan Customs Department has banned the import of oil products, cement, steel products and tiles and ceramics from Iran as of Sept. 16. Ali Shariati, a member of Iran Chamber of Commerce,...
  • Trade With Turkey Hit $1.6b in  5 Months
    Iran traded 1.47 million tons of non-oil commodities worth $1.60 billion with Turkey during the first five months of the current fiscal year (March 21-Aug. 22). This registers a 1.22% growth in...
  • CBI Reports Changes in Food Retail Prices
    The Central Bank of Iran has released a new report on the retail prices of food items for the week ending Sept. 7.   Out of the 11 groups, the prices of eight food groups increased during the week...
  • Toothbrush Imported From 9 Countries
    More than 296 tons of toothbrush worth close to $3.65 million were imported into Iran from nine countries during the first four months of the current Iranian year (March 21-July 22), the Islamic...
  • Qeshm Exports Up 48 Percent
    More than 76,170 tons of non-oil commodities were exported from Qeshm Island’s ports during the first five months of the current Iranian year (March 21-Aug. 22) to register a 48% growth compared...
  • Ban on Packaging Paper, Tissue Exports Lifted
    The ban imposed on exports of packaging paper and tissue has been lifted. This was notified...  
  • Trade With South Korea Down 34%
    Iran traded 2.04 million tons of non-oil commodities worth $2.08 billion with South Korea during the first five months of the current fiscal year (March 21-Aug. 22), registering a 54.97% and 34.29...
  • SCI Surveys Dollar Value Changes in Q1 Foreign Trade
    The first quarter of the current Iranian year (March 21-June 21) saw exports and imports in dollar terms of “Fishing” sector register the most remarkable changes, the Statistical Center of Iran...
  • India Determined to Push Ahead With Chabahar Project
    Iran, India and Afghanistan held trilateral discussions for the first time ever in Kabul earlier this week.
  • Clearance of Essential Imports Eased
    Procedures and formalities required for the customs clearance of imported essential goods, including rice, vegetable oil, tea and raw materials needed by factories, are now carried out in less than...
  • Enforcement of Reemployment Ban on Public Retirees Notified
    The ban on reemployment after the retirement of public employees will be legally enforceable within two months, the spokesman of Guardians Council, Abbasali Kadkhodaei, said. According to the newly...
  • Iran’s Consumer Market Valued at $177b Last Year
    Iran's consumer market was worth 7,180 trillion rials ($177.4 billion) in the fiscal 2017-18, according to a report by Tehran Chamber of Commerce, Industries, Mines and Agriculture using figures...
  • Exports Through Zahedan-Quetta Railroad Rise  52 Percent
    More than 18,285 tons of commodities were exported from Iran to Pakistan via Zahedan-Quetta Railroad connecting the two countries during the first five months of the current Iranian year (March 21-...
  • Frozen Beef Imports Near 43K Tons
    Iran imported 42,925 tons of frozen beef worth $183.18 million during the first five months of the current fiscal year (March 21-Aug. 22) to register a 3.93% and 6.78% growth in tonnage and value...
  • Omani Port to Host Iranian Commercial Vessels
    Iranian small-sized ships will now enjoy services at Al Suwaiq Port in northeast Oman, Chairman of Iran-Oman Chamber of Commerce Mohsen Zarrabi said. After three years of negotiations, Al Suwaiq...
  •  Italy Biggest Exporter of Sunglasses to Iran
    Close to 39.14 billion rials ($936,843) worth of sunglasses were imported into Iran during the first four months of the current Iranian year (March 21-July 22), figures released by the Islamic...
  • Trade With India Tops $2b in 5 Months
    Iran traded 4.71 million tons of non-oil commodities worth $2.18 billion with India during the first five months of the current fiscal year (March 21-Aug. 22). This registers a 12.19% and 10.67%...