foreign trade

Iran’s share of global trade falls to 0.2%

The Research Center of Iran’s Majlis (Parliament) has released a report which shows that Iran’s share of the global trade has fallen from 0.3% in the fiscal year ending in March 2017 to 0.2% last year (ending in March 2020).


Turkey, top destination for Iranian goods in month to late September

Turkey was Iran’s biggest export destination in the current Iranian year’s sixth month (Aug. 23-Sept. 22) with 5.84 million tons worth $1.2 billion of shipment.


Iran’s trade with Turkey tops $2.8 billion in eight months

Iran and Turkey registered $2.83 billion in bilateral trade during the first eight months of 2021, 74.09% higher than the same period of last year, latest data by Turkish Statistical Institute say.


Iran posts $2.345bn trade deficit for September

Iran has posted a trade deficit of $2.345 billion for September with exports totaling $4.145 billion and imports at $6.490 billion, according to figures by the Iranian customs office (IRICA).


Iran’s five-month transactions with Muslim countries tops $17 billion

Iran’s trade with Muslim countries stood at 34.5 million tons worth $17.1 billion during the first five months of the current fiscal year (March 21-Aug. 22), according to the spokesperson of the Islamic Republic of Iran Customs Administration.


Iran private sector urges gov’t to reopen borders with Afghanistan

Iran’s private sector representative in Afghanistan called on the Iranian government on Wednesday to deploy economic councilors in Afghanistan and reopen joint borders between the two neighboring countries at the earliest.


Subsidized forex policy for imports a glaring failure

Soymeal prices in the domestic market have soared by 200% compared to last year, says the head of Food Wholesalers Association, noting that soybean imports are entitled to subsidized foreign currency (at the rate of 42,000 rials per dollar).


Iran’s five-month exports to ASEAN up 48% YOY: TPO

Iran’s exports to the member states of Association of Southeast Asian Nations (ASEAN) reached $1.076 billion in value in the first five months of the Persian calendar year (started March 21), according to the head of ASEAN Workgroup at Iran’s Trade Promotion Organization (TPO).


Iran posts $1.263bn trade surplus for month to late August

Iran’s customs office (IRICA) has posted a trade surplus of $1.263 billion for the calendar month to August 22 as sales to China accounted for a bulk of the rise in the shipments.


Expo 2020 Dubai, a chance for Iranian economy

Expo 2020 Dubai, provides Iran with a chance to promote exports and give a boost to tourism industry, according to Farshid Farzanegan, the head of Iran-UAE Joint Chamber of Commerce.

Macro Economy