• 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

  • Kermanshah Province Exports Up 28 Percent
    09/04/2018
    More than 2.31 million tons of goods worth $1.16 billion were exported from the western Kermanshah Province during the first five months of the current Iranian year (March 21-Aug. 22), registering...
  • Government Bans Sugar Export
    09/04/2018
    In a letter to the Islamic Republic of Iran Customs Administration’s Export Affairs Bureau, the Ministry of Industries, Mining and Trade announced that sugar export has been banned. The decision...
  • Sesame Imports at $30m in  4 Months
    09/04/2018
    More than 20,875 tons of sesame worth over $30 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22), latest data released by the Islamic...
  • Airlines Anxious About Rising Costs, Dwindling Business
    09/04/2018
    Airlines have recently voiced concerns about their future operations, underscoring their most serious problems in a letter to President Hassan Rouhani.  Just like other economic sectors in Iran,...
  • 24% Growth in Non-Oil Trade With Armenia
    09/04/2018
    Iran traded 132,768 tons of non-oil commodities worth $54.31 million with Armenia during the first four months of the current fiscal year (March 21-July 22). This marks a 24.48% and 24.79% increase...
  • Illegal Pakistani Migrants Deported
    09/04/2018
    Iranian security forces handed over 158 Pakistani nationals to their counterparts at the border...
  • Tehran to Mark 70th Anniv. of IMO Establishment
    09/04/2018
    Secretary-General of the United Nations International Maritime Organization Kitack Lim will visit Tehran to attend a ceremony to mark the 70th anniversary of the establishment of the organization...
  • Ice Cream Exports Exceed $70 Million
    09/03/2018
    Iran exported 21,625 tons of ice cream worth $73.97 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs...
  • Rice Cultivation to Be Restricted to 2 Northern Provinces
    09/03/2018
    Rice cultivation is only permitted in the two northern provinces of Gilan and Mazandaran and will be gradually banned in other Iranian provinces over the next three years, as per the directive...
  • Consumer Goods See Sharpest Decline Among Q1 Imports
    09/03/2018
    Import of consumer goods declined more than those of other types of commodities in the first quarter of the current fiscal year (March 21-June 21) compared with the similar period of last year....
  • Under Pressure Irrigation Expanding
    09/03/2018
    More than 2 million hectares of farmlands are now equipped with under pressure irrigation systems in Iran, more than 30% of which were implemented since the beginning of President Hassan Rouhani’s...
  • Turkey Biggest Exporter of Chewing Gum  to Iran
    09/03/2018
    More than 489 tons of chewing gum worth nearly $1.6 million were imported into Iran from five countries during the first four months of the current Iranian year (March 21-July 22), according to...
  • Q1 Red Meat Output at 98,800 tons
    09/03/2018
    Iran’s red meat output during the three months to June 21 amounted to 98,800 tons to register a 0.08% decline year-on-year, a new report released by the Statistical Center of Iran said. According...
  • Iran’s Non-Oil Exports to Syria Top 27K Tons
    09/03/2018
    Iran traded 27,000 tons of non-oil commodities worth $64.13 million with Syria during the first four months of the current fiscal year (March 21-July 22), registering a 180.63% increase in tonnage...
  • Trade Volume With Malaysia Hits 93%
    09/03/2018
    Iran traded 303,607 tons of non-oil commodities worth $152.27 million with Malaysia during the first four months of the current fiscal year (March 21-July 22). This marks a 93.34% increase in...
  • 09/02/2018
    With an annual turnover of more than 6 trillion rials ($60 million), Mazandaran in northern Iran is the country’s most active province in fish farming and accounts for 18% of Iran’s production, the...
  • The main reason behind the increase of returnees from Iran is economic challenges created by new US sanctions.
    09/02/2018
    The number of Afghan refugees returning from Iran has doubled recently, as Iranian currency loses its...
  • Iran-Russia Non-Oil Trade Tops $540m
    09/02/2018
    Iran traded 645,158 tons of non-oil commodities worth $546.24 million with Russia during the first four months of the current fiscal year (March 21-July 22).  This marks a 33.93% and 130.35% growth...
  • Plan to Launch Direct Flights to Tatarstan
    09/02/2018
    Tatarstan and Iran’s ATA Airlines plan to launch direct flights between Tehran and Kazan...  
  • Maku Free Trade and Industrial Zone is Iran’s largest and the world’s second biggest free trade zone spread over 5,000 square km.
    09/02/2018
    Members of the Iranian Parliament have approved in principle the bill on the establishment of eight free trade zones and 12 special economic zones.  The parliamentary session on Wednesday saw 127...
  • Indian Exporters Wary of Dealing With Iran Due to US Sanctions
    09/02/2018
    Indian exporters are apprehensive about taking orders from Iran due to the reimposition of...
  • Iran, Afghanistan Provinces Sign MoU to Boost Cooperation
    09/01/2018
    South Khorasan Province of Iran and Farah Province of Afghanistan have signed...  
  • Parliamentary Think Tank: Iran’s Economy to Contract
    09/01/2018
    The research arm of the Iranian Parliament expects the economy, as measured by the gross domestic product, to contract between 0.5% and 2.8% by the end of the current fiscal year (March 2018-19...
  • Non-Oil Trade With Hong Kong Grows 29%
    09/01/2018
    Iran traded 32,760 tons of non-oil commodities worth $105.84 million with Hong Kong during the first four months of the current fiscal year (March 21-July 22), registering a 38.45% decrease in...
  • IPO to Accelerate  ‘Real’ Privatization
    09/01/2018
    Iran Privatization Organization has presented a number of incentives to energize and reward the private sector in taking over state-run enterprises and assets, an advisor to the organization said...

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