foreign trade

Iran reports $118 million trade surplus for October-November

Iran’s customs office (IRICA) says the country’s balance of trade turned positive for first time this calendar year in the month to late November.

Trade

Iran trade deficit at $1.6 billion in 8 months to November

Iran’s customs office (IRICA) has updated figures related to the country’s foreign trade, saying that declined exports in the eight months to November 20 led to a deficit of $1.6 billion in the balance of trade.

Trade

Iran plans to launch comprehensive trade database

Iranian President Hassan Rouhani assigned the new minister of industry to set up a comprehensive database system on trade, saying it would contribute to more transparency and help the fight against corruption and smuggling.

Trade

EU’s exports to Iran stand at €2.2 billion in seven months, down 11% yoy

The spread of the new coronavirus and US sanctions has hit the European Union’s exports to Iran in the first seven months of 2020 bringing their value to €2.209 billion.

Trade

Iran’s non-oil foreign trade tops $19 billion in four months

Iran’s non-oil foreign trade stood at $19.63 billion during the four months to July 21, of which exports accounted for $8.71 billion and imports constituted $10.92 billion.

Trade

Iran-Iraq border reopened for trade

Mehran crossing on the border with Iraq was reopened on Monday for the trade between Iran and Iraq to be resumed. The crossing would be open on Sundays and Wednesdays allowing 500 trucks to move weekly.

Trade

Iran, Turkey fully activate Bazargan border for trade

After three months of closure of the key border crossing of Bazargan in the northwest of Iran over COVID-19 pandemic, Iran and Turkey reopened the gate for trade exchanges. 150 Iranian trucks and 36 Turkish trucks have passed through the border on the first day of the reopening.

Trade