TEHRAN - Iran’s exports to the Americas have increased by a staggering 4.5 times in 2024 compared to 2023, according to Ahmad Firouzi, Director General of the Europe and Americas Office at the Trade Promotion Organization of Iran. He also announced that Iran is just one step away from establishing a free trade agreement with Venezuela after two decades of negotiations.

TEHRAN - The CEO of the Pars Special Economic Zone has announced that gas condensate exports will be halted for the next two years as part of a broader effort to reduce gas flaring and increase domestic processing capacity.

The value of the country’s non-oil exports between March 20, 2024, and January 20, 2025, reached $47 billion, showing an 18% surge compared to the same period last year.

Iran’s Minister of Economic Affairs and Finance, Abdolnasser Hemmati, has said that Iran’s export of non-oil commodities recorded an 18% growth in the first 10 months of the current Iranian calendar year, which began on March 20, 2024.

TEHRAN - Davood Madadi, Chairman of the Board of the Renewable Energy Association of Iran and Vice President of the Iranian Electricity Industry Federation, emphasized the fundamental role of energy in driving the country’s economy. He stated: "Without electricity, industry cannot function, and the economy cannot progress as planned." It was anticipated that Iran would see an 8% economic growth this year, yet reported figures are around 2.4% to 2.3%. He also pointed out that the country is grappling with a deficit of fossil resources, essential for electricity generation.

TEHRAN - According to Eurostat data, trade between Iran and the European Union reached €4.15 billion in the first 11 months of 2024, marking a 3% decrease compared to the same period last year. Of this amount, EU exports to Iran accounted for €3.37 billion, reflecting a 4% decline, while Iran's exports to Europe grew by 5%, reaching €773 million.

TEHRAN - Ali Naqavi, head of the Technical and Engineering Services Commission at the Iran Chamber of Commerce, detailed the latest developments in Iran’s export of technical and engineering services. He emphasized that despite the country’s significant potential in this sector, actual exports fall drastically short.

Iran's non-oil exports reached $43.14 billion in the first nine months of the current Iranian calendar year, marking an 18% increase compared to the same period last year, according to the head of the Islamic Republic of Iran Customs Administration (IRICA).

Kyrgyzstan in the latest report has announced that the import of fruit from the Islamic Republic doubled from January to September 2024.

Iran has recorded a 17% increase in exports to Islamic nations since the beginning of the Iranian calendar year on March 20, marking significant progress in international trade relations, the head of the Iran National Standards Organization said.