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foreign 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

Iran trade deficit at $1.5bn in 11 months to February

Iran’s trade balance has slipped into a deficit of $1.5 billion in the 11-month period ending late February as imports surge by more than two percent.

Trade

Companies leaving Iran, not in future trade priority: Deputy FM

Iran’s Deputy Foreign Minister has said that foreign companies complying with US sanctions against the country will "not be placed in priority" in regards to the future of the Iranian economy.

Trade

ICCIMA to set up five trade offices across world

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) President Gholam Hossein Shafei said on Wednesday that the entity is ready to establish five national trade offices in five countries to introduce Iranian goods.

Iran Chamber

US exports to Iran soar to 10-year high in 2018 despite own sanctions

The increase in US exports to Iran happens while Washington has imposed two rounds of punitive measures on Tehran and it continues to press Europe to avoid trade with Iran.

Trade

Sierra Leone invites Iranian private sector to invest in healthcare

Bilateral trade relations between Iran and the West African country are very unsubstantial, standing at less than one million dollars per year. Now, its envoy to Tehran is trying to woo Iranian investment.

Trade

Steep decline in Chinese machinery exports to Iran could jeopardize nuclear deal: report

Data from Chinese General Customs Administration show that China-Iran trade has fallen dramatically in the two months following the reimposition of US secondary sanctions. Chinese exports to Iran have collapsed from about $1.2 billion in October 2018 to just $400 million in December 2018—a fall of nearly 70%.

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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