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Tasnim News

Iran-Turkey trade hits $9.5 billion in 10 months

The head of the Islamic Republic of Iran Customs Administration (IRICA) put the value of trade exchanges between Iran and Turkey in the 10 calendar months to December 22, 2023 at $9.5 billion.

Trade

Iran-China trade hits $14.6 billion in 2023

The value of the trade exchanges between Iran and China in 2023 exceeded $14.6 billion, according to China’s Customs Office.

Trade

Iran’s annual exports to Pakistan hit $1 billion in 2023

Statistics by Pakistan’s Ministry of Commerce indicated that Iran exported an almost $1 billion worth of non-oil products to the South Asian country in 2023, registering a 13-percent growth compared to a year earlier.

Trade

Iran’s nine-month oil revenues hit $34 billion: IEA

Despite the unilateral sanctions imposed by the United States against the country, Iran’s oil revenues in the first nine months of last year (January to September 2023) reached $34 billion, accounting for 12% of OPEC member states’ total oil income.

Energy

Iran begins shipping cargos to Russia via Solyanka Port

A consignment of Iranian exports, containing citrus fruit, was freighted by the Islamic Republic of Iran Shipping Lines (IRISL) to the Russian Federation via Solyanka Port corridor for the first time.

Transportation

Iran, India finalize agreement on developing Chabahar Port

Officials from Iran and India finalized an agreement on the development of the Chabahar Port located in the southeastern part of Iran.

Transportation

Iran-Azerbaijan rail exchanges up 33% in 9 months

The director general of Iran’s North Railway Administration-2 said that the exchange of goods between Iran and the Republic of Azerbaijan registered a 33-percent growth in the first nine months of the current Iranian calendar year (started March 21, 2023).

Trade

Iran-Turkey trade exceeds $8.5 billion in 9 months

The total value of trade exchanges between Iran and Turkey in the first nine months of the current Iranian calendar year (started March 21, 2023) topped $8.5 billion.

Trade

Iran, Russia use national currencies to settle payments

Iranian and Russian exporters can do transactions in national currencies after the two countries merged their financial message transfer systems, allowing banks to make direct payments without using the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system.

Financial Markets

80% of Iranian exports bound for five countries: Official

The head of the Trade Promotion Organization of Iran (TPOI) said eighty percent of Iranian products are exported to five countries, namely China, Iraq, Turkey, the United Arab Emirates (UAE) and India.

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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