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Financial Tribune

Iran’s Q4 underemployment at 9.5%

Underemployment, the condition in which people in a labor force are working for less than 44 hours per week, stood at 9.5% in the fourth quarter of the previous Iranian year (Dec. 22, 2022-March 20), down 1.2% year-on-year and was higher for men and those living in rural areas, according to the Statistical Center of Iran.

Macro Economy

Iran registers over $110 billion in foreign trade in year to March

Iran traded 159.23 million tons of goods worth $112.82 billion (excluding crude oil exports) in the fiscal 2022-23 (ended March 20), says Rouhollah Latifi, the spokesman of the Iranian House of Industry, Mine and Trade’s Trade Development Commission and former spokesman of the Islamic Republic of Iran Customs Administration.

Trade

Iran’s tax revenues hit $9 billion in fiscal 2022-23

The Iranian National Tax Administration earned 4,700 trillion rials (over $9 billion) in tax income during the last fiscal year that ended on March 20, 2023, according to the head of INTA’s Planning and Statistics Group.

Macro Economy

Iran’s trade with Africa tops $1.2 billion in 11 months

Iran and African countries traded 2.46 million tons of goods worth $1.23 billion during the 11 months from the beginning of last Iranian year (March 21, 2022-Feb. 19, 2023).

Trade

Iran resumes import of diesel, gasoline after five years

To temporarily redress the growing imbalance between gasoline and diesel supply and demand, the government has started to import fuels, spokesman for the Majlis Energy Commission said.

Energy

Iran’s annual exports to Afghanistan via Dogharoun terminal tops $150 million

A total of 461,113 tons of goods worth $154.09 million were exported from Iran to Afghanistan through Dogharoun border terminal located in Khorasan Razavi Province in the last Iranian year (March 2022-23), according to a local official.

Trade

Iran seeking to ditch US dollar

The Central Bank of Iran is planning to hold an event in Tehran to discuss international monetary relations and de-dollarization, the CBI deputy for international affairs, Mohsen Karimi, said.

Financial Markets

Iran’s 11-month trade with Persian Gulf states hits $31.7 billion

Iran traded 53.46 million tons of goods (excluding crude oil exports) worth $31.75 billion with the Persian Gulf’s six littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, during the first 11 months of the last Iranian year (March 21, 2022-Feb. 19).

Trade

Iran-EU trade rises 5.3% in January

Iran and the European Union’s 27 member states traded €401.17 million worth of goods in January 2023, registering a 5.31% rise compared with the same month of the year before.

Trade

Iran’s natural gas consumption surges by 3 bcm YOY

Natural gas consumption reached 242 billion cubic meters in the fiscal 2022-23, up 3 bcm compared to that of the previous year, the head of the National Iranian Gas Company Dispatching Department said.

Energy

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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