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Five countries account for over 50% of Iran’s imports

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TEHRAN:Data released by the Islamic Republic of Iran Customs Administration show that Iran’s five top exporters accounted for over 50% of the goods entered through the country’s customs during the past 10 months of the current Iranian year (to Jan. 20). China exported goods worth $8.9 billion to Iran during the 10-month period, becoming the top exporter to the Islamic ... Read More »

Turkish customs confiscate 25 kg of heroin

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A total of 25 kilograms (55 pounds) of heroin was seized at the Turkish-Iranian border by Turkish customs, according to an official statement. A truck coming from Iran to Turkey suspected of drug trafficking was searched at the Gurbulak Customs Gate, the Turkish Trade Ministry said on Sunday. During the search, the heroin, hidden under the bed in the driver’s ... Read More »

South Korea Resumes Iran Oil Import

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South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year. The world’s fifth-largest crude importer won a six-month waiver in November from US sanctions on Tehran’s oil exports, but did not immediately start imports, mainly due to payment and insurance issues, ... Read More »

Turkey ‘ready’ to launch Iran trade channel to bypass US sanctions

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President Recep Tayyip Erdogan announced that his country is “ready” to establish its own trade mechanism with Iran, allowing companies from the two neighbors to continue doing “legitimate” business amid punishing US sanctions. Erdogan made the statement on Thursday during a bilateral meeting with Iranian President Hassan Rouhani on the sidelines of the three-party talks on Syria in the Russian ... Read More »

Iran awaits Lebanese ‘desire’ to accept its military aid: foreign minister

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Iran is waiting for Lebanon to show a desire to accept its military assistance, Iran’s foreign minister said, reiterating an offer of support to the US-backed Lebanese military. Mohammad Javad Zarif, whose government backs the powerful Lebanese Shi’ite group Hezbollah, was speaking at Beirut airport at the start of his first visit to Lebanon since its new government was formed ... Read More »

Subsidized Imports Spur Smuggling of Essential Goods From Iran

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Sugar cubes, tomato paste, rice, fish, eggs and many other products categorized by the government as “essential goods”, importers of which get subsidized foreign currency, are now popping up in shops of neighboring countries. Countries that were once sources of smuggled goods to Iran are now the destinations of large volumes of products, a majority of which were imported to ... Read More »

Bahonar Port TEU throughput up 32% in 10 months

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Tehran : “The figure shows the strategic port has handled 32% more TEUs in the past ten months in comparison to the similar period of last year,” Hamidreza Mohammad Hosseini, the director general of Shahid Bahonar Port said on Monday. The cabotage of non-oil goods in the port amounted to 112,000 tons over the same span, registering a 38% hike ... Read More »

Britain, France and Germany work around US sanctions to stay in business with Iran

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WASHINGTON : The three European parties to the 2015 Iran nuclear deal have set up a way to work around sanctions reimposed by President Donald Trump, who pulled out of the deal last year. The mechanism, which officials say will launch in the next few months, would barter goods between Britain, Germany and France and Iran. A joint British-German-French statement ... Read More »

Iran trade balance hits $678mn in 10 months

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Tehran : Volume of foreign trade in the 10 months of current year exceeded $36 billion while trade balance of the country hit $678 million in the same period. In the same direction, Iran’s non-oil exports in the 10 months of the current year topped $36 billion and hit $36.35 billion at large. According to the latest IRICA statistics, Iran’s ... Read More »

Iran, Russia to expand economic cooperation

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Iran’s Ambassador to Russia Mehdi Sanaie and Russian Deputy Foreign Minister Alexander Pankin in Moscow on Thursday discussed Tehran-Moscow economic cooperation at bilateral and regional levels, Trend reports citing IRNA. Based on Russian Customs statistics, Iran-Russia trade volume showed 28.3 percent growth in the first half of 2018, standing at $945.181 million. In the first half of 2018, Iran reserved ... Read More »

3 Business Investments to Make in Iran

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Two years after the United Nations removed the economic sanctions they’d given to Iran, the country is still flourishing with untapped opportunities. Iran is country with a population of over 80 million people and the second largest country with the biggest population in the Middle East and North Africa Region. There is no doubt that Iran is has a lucrative ... Read More »

Iran Customs’ Emergency Plan for Speedy Import Clearance

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Tehran : RICA has recently introduced an emergency plan to speed up the clearance of imports and reduce the pile-up of goods at customs and ports. The order issued by the Islamic Republic of Iran Customs Administration’s newly-appointed chief, Mehdi Mirashrafi, pertained to containers accumulated at the southern port of Shahid Rajaee, IRICA’s news service reported. IRICA says a total ... Read More »

Iran Looks To Sign Zero-Tariff Agreement With Iraq

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Tehran : Iran is ready to sign a deal with Iraq to drop the bilateral customs tariffs to zero, Iranian Foreign Minister Mohammad Javad Zarif said while on a visit to Iraq on Wednesday. “The Islamic Republic of Iran is prepared to zero tariff rates between the two countries,” Iran’s Fars news agency quoted the foreign minister as saying. According ... Read More »

PNS warmly welcomed in Iran’s Port Bandar

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Tehran : NavyPakistan Navy (PN) flotilla comprising PN Ships Khaibar, Rahnaward, Madagar and Pakistan Maritime Security Ship Zhob visited Port Bandar Abbas of Iran as part of an overseas deployment. PN flotilla mission commander was Commodore Muhammad Salim. Pakistani flotilla was given a warm welcome by the Islamic Republic of Iran Navy (IRIN) on its arrival at Port Bandar Abbas. ... Read More »

Iran’s non-oil trade down by 34.27 pct in 1 month

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Tehran : Iran’s non-oil foreign trade value stood at 4.93 billion U.S. dollars during the one-month period ending on Dec. 21, Eghtesadonline news website reported on Tuesday, Xinhua reports. The figure indicated a 34.27-percent decline in foreign trade value compared with the one-month period ending on Nov. 21, according to the report. Iran’s exports amounted to 11.67 million tons worth ... Read More »

Iran hopes for presence of major liners in Chabahar Port

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Tehran : Managing Director of Ports and Maritime Organization Mohammad Rastad said he hopes that the activities of Indian operator in Chabahar Port will pave the ground for the increased presence of major world liners in the port. He made the remarks in meeting this week with the Indian ambassador to Tehran Saurabh Kumar. Rastad went on to say that ... Read More »

Iranian Armenians Celebrate New Year with Persian Customs

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New Year celebrations for Christians in Iran are different from those of Christians in other parts of the world. In Iran, the Christian culture has been mixed with the Iranian culture. Among the New Year traditions of Iranian Christians is eating foods exclusive to Iran. Many Armenians in Iran cook and eat Sabzi Polo with Fish (Persian herbed rice with ... Read More »

China’s Exports to Iran Exceeds $8 Million in 2018

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Tehran : The latest report by Iran’s Customs puts the country’s non-oil exports in a nine-month period at 86.94 million tons worth $33.358 billion, showing a 5.4% growth compared to the same period last year. From 21 March 2018 to 21 December, Iran imported 23.871 million goods worth $32.620 million, showing a 13.27% decrease in terms of weight and 15.9% ... Read More »

Iran in talks to release its vessels from Kuwait’s port

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Iran is in talks with Kuwaiti officials, organizing the release of two seized vessels from port of Mina Al Zour that, the cause of which, reportedly, was because of legal and technical disputes of contractors. The Iranian vessels have been sized by Kuwait for almost 20 days. Iran’s Ports and Maritime Organization is putting in efforts to have them released. ... Read More »

Iran exports $9B worth of goods through Bushehr customs

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In the first eight months of the current Iranian year (started March 21), Iran exported 19 million tons of goods, worth $9 billion, through its customs in Bushehr province, Seyyed Hossein Hosseini Mohammadi, the head of Bushehr Province Industry, Mine and Trade Organization, said, Trend reports via Iranian media. Mohammadi noted that various economic programs are implemented in the province. ... Read More »