Iran exported more than €114 million worth of commodities to Austria during the 11 months to Nov. 30, 2017, indicating a 120% hike compared with the corresponding period of last year. 

Non-oil trade between Iran and Oman during the first nine months of the current Iranian year (March 21-Dec. 21, 2017) amounted to more than 1.33 million tons worth $393 million, registering a 24% rise in weight but a 12% fall in value, Iran’s commercial attaché to the neighboring country announced.

Many foreign companies returned to Iran’s largely untapped market after the signing of the Joint Comprehensive Plan of Action (JCPOA) in July 2015. The landmark deal took effect six months later, and lifted international sanctions in exchange for restrictions on Iran’s nuclear program. The deal has helped bring economic benefits for Iran, including the opening up of the chance to attract foreign direct investment.

 

The Islamic Republic’s food product exports were on the rise following the removal of the international sanctions in 2016. The Islamic Republic exported over 1.18 million tons of food products worth $2.7 billion during the last fiscal year (ended March 20, 2017), 8 percent more year-on-year in terms of value.

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