Iran-Russia trade balance grows in 2018

The Russian Customs Organization released a report on its trade in 2018, according to which its trade balance with Iran has risen in comparison to 2017.

EU and Japan Launch World’s Largest Free Trade Zone

The EU and Japan have launched the largest free trade zone in the world after a deal to cut tariffs officially came into force on February 1, 2019.

Iran’s fruits, vegetables exports grow by 54%

Iran’s fruits and vegetables export has increased 54% during first nine months of the current Iranian fiscal year (started March 21, 2018), Trade Promotion Organization of Iran announced.

Agricultural exports up 20%, hit $4.6b in 8 months

Iran exported 4,580 tons of agricultural products worth $4.6 billion in the first eight months of the current Iranian calendar year (started March 21), showing 20 percent and 19 percent rise in terms of weight and value respectively, IRNA quoted Shahrokh Shajari, an official with the Agriculture Ministry, as saying on Saturday.

Non-oil trade nears $66b in 9 months

The value of Iran’s non-oil trade stood at $65.97 billion in the first nine months of the current Iranian calendar year (ended on December 21), according to the latest data released by the Islamic Republic of Iran Customs Administration (IRICA).

China to remove some import, export tariffs including alternative feed meals

China plans to remove import and export tariffs in 2019 on a range of goods, including import taxes on alternative meals used in animal feed, to secure supplies of raw materials amid trade tensions with the United States and boosting outbound cargoes.

US exports to China reduced by 96%

As we are now two months into the US soybeans trading year, the trade war between US and China is making its impact more apparent, Maritime Strategies International informs. Namely, US exports between September and October are less by 41%, as well as the exports to China (96%). However, there is an increase to shipments elsewhere (86%).

Despite Iran sanctions, China stays loyal

Trade between China and Iran predates most modern nations and despite the resumption of US sanctions on Iran, Chinese businesses still see Iran as a resource-rich country with a large population.

Iran's exports to Iraq rise 30% in 7 months on year

US grants Iran oil waivers to 8 countries

The US has awarded temporary exemptions to eight countries allowing them to continue buying Iranian oil. These countries are: China, India, Greece, Italy, Taiwan, Japan, Turkey and South Korea.