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Financial Tribune

UAE remains Iran’s top trade partner among neighboring countries

The latest data released by the Islamic Republic of Iran’s Customs Administration shows that UAE continues to be Iran’s top trade partner among neighboring countries.

Trade

Iraq needs Iran’s gas for years: Iraqi minister

Iraq requires Iran’s gas for years to feed its power plants, as Iran’s gas is suitable for Iraq and its price is reasonable, Iraqi Minister of Electricity Adel Karim said.

Energy

Iran-EU monthly trade up 30% YOY

Iran and the 27 member states of the European Union traded €357.01 million worth of goods in January 2022, registering a 30% growth compared with last year’s corresponding period.

Trade

Iran’s 11-month trade with Shanghai Cooperation Organization hits $32.7 billion

Iran’s trade with member states of the Shanghai Cooperation Organization stood at 48.9 million tons worth $32.71 billion in the 11 months to Feb. 19, 2022, registering a 41% and 31% year-on-year growth in weight and value, respectively.

Trade

Iran’s non-oil trade rises by 38% in fiscal 2021-2022

Iran’s foreign trade, excluding crude oil exports, stood at 162 million tons worth $100 billion in the fiscal 2021-22, registering a 38% rise in value compared with the year before, according to the head of the Islamic Republic of Iran Customs Administration.

Trade

Iran exports $82 million worth of footwear in 11 months

A total of $82 million worth of different types of footwear were exported from Iran during the current Iranian year’s first 11 months (March 21, 2021-Feb. 19, 2022), registering a 20% decline compared with the similar period of last year, according to a member of the Association of Managers and Experts of Iran’s Shoe Industry.

Trade

Iran’s imports of animal feed raw material top $6 billion in 11 months

Iran imported a total of 15.5 million tons worth $6.47 billion of raw materials for production of animal feed during the first 11 months of the current fiscal year (March 21, 2021-Feb. 19).

Agriculture and Environment

Iran’s monthly red meat output up 22%

A total of 51,170 tons of red meat were produced in Iran’s official slaughterhouses during the month ending Feb. 19 to register a 22% rise compared with the similar month of last year, but a 1.3% decrease compared to the previous month.

Agriculture and Environment

Iran’s nine-month economic growth hit 5.1%

The Statistical Center of Iran’s newly released data show the economy grew by 5.1% in Q1-3 of the current fiscal year (March 21-Dec. 21, 2021) compared with the preceding year’s corresponding period.

Macro Economy

Iran’s 11-month tax revenues hit record high of $10.8 billion

A record high of 2,770 trillion rials ($10.8 billion) in tax revenues were collected over the 11-month period ending Feb. 19, indicating a 60% increase compared with the corresponding period of last year, the head of Iranian National Tax Administration said.

Macro Economy

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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