Tag Archives | imports

Foreign Trade Hits $60bn in 8 Mths

Iran’s trade with foreign countries during the first eight months of the current Iranian year (began on March 20) surpassed $60 billion, the latest data released by the country’s Customs Office showed. Iran’s foreign trade over the past eight months reached $60.907 billion, indicating an eight percent increase compared to the same period last year, […]

Surging Imports wipe out Iran’s Trade Surplus

By Navid Kalhor for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News.  Economic growth is generally generated by four sources: increasing private consumption, expanding private investment, higher government consumption and investment, and more exports. At present, when it comes to the first […]

Switzerland’s Exports to Iran Rise in 2017

The volume of Switzerland’s exports to Iran grew in 2017, the spokesman for the European country’s State Secretariat for Economic Affairs said. “The positive trend for the export of goods – apart from precious metals – continued this year,” Fabian Maienfisch told the audience at the fourth Europe-Iran Forum external link, which is being held […]

Iran-EU Trade Hits €9.9bn in 6 Months

The total value of bilateral trade between Iran and the European Union (EU) over the first half of 2017 has reached about 9.9 billion euros, according to data released by the European Commission. The total trade between Iran and the 28-nation bloc in the first six months of the current year amounted to €9.9 billion, […]

Imports and Exports Increased, China is Main Partner

Iran’s non-crude-oil exports grew by 3.54 percent in the year ended 20th March 2017, reaching $43.930 billion. During the period, imports increased 5.16 percent to $43.684 billion. Main export items During the period under consideration, the main export items consisted of gas condensate with value of $7.320 billion, light oils and products except gasoline ($2.479 […]

Iran to impose new Duty on Steel Imports

By John Lee. Platts has reported that the Iranian parliament will impose a new duty on steel imports, likely to be effective from September. The duty is Iranian Rial 100,000/mt (about $25/mt) of imported material and it will cover billet, beam, different strips, tubes, pipes, stainless steel and scrap. It is in addition to all […]

Turkish Exports to Iran Jump by over 40%

Turkish exports to Iran from January to November 2016 increased by more than 40 percent compared to the same period last year, recent data published by the Turkish Statistical Institute showed. The total value of Turkish exports to the Islamic Republic in the first 11 months of 2016 reached $4.635 billion, showing a 41 percent […]

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Winners and Losers if Sanctions Lifted

By John Lee. An analysis by Fortune magazine lists the expected winners and losers from a lifting of sanctions on Iran. Winners EU automakers: Companies such as Germany’s Mercedes-Benz, and Peugeot and Renault of France, are identified as being well positioned to take advantage of Iran’s large market. Oil services companies: Iran says it needs […]