INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iran’s exports of agriculture products climb up 10% to US$1.62bn

Some 7.749 million tons of agricultural products (crops) worth $4.346 billion were imported into Iran during the period.
  • The United Arab Emirates, Iraq and the Russian Federation were the major destinations for Iran's exported crops
  • During the first 5 months of 2023, a total of 2,169 million tons of agricultural products worth $1.62 billion were exported

Tehran, Iran— Iran’s exports of agricultural products to the outside world shot up 10% in the first 5 months of this year, the Iranian customs administration reported on Monday,

According to a report released by the Islamic Republic of Iran Customs Administration (IRICA) in the first 5 months of this year of 1402 in the Iranian calendar(March 21-August 21, 2023), a total of 2,169 million tons of agricultural products worth #1.62 billion were exported to other countries.

During that period, the exports of agricultural products decreased by 7.7% in weight and increased by 10.14% in value.

Also in that period of five months, 7.749 million tons of agricultural products (crops) worth $4.346 billion were imported into Iran, which shows a decrease of 6.17% in weight and 19.34% in value.

Iraq, the United Arab Emirates and the Russian Federation were the major destinations for Iran’s exported crops.

In the 5 months of this year, $1.531 worth of agricultural products were imported from the United Arab Emirates, $549 million from the Russian Federation and 502 million from India.

In August, Iran revealed that Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five months.

Also, 14.4 million tons of non-oil goods, valued at US$24.2 billion, were imported into the country from March 21, 2023 to July 22, 2023, registering a 2.17 and 7.49 percent hike in weight and value respectively compared to last year’s corresponding period, IRICA added.

The export volume of non-oil goods, with kerosene, fuel oil and luggage trade excluded, showed an 8.55 percent decrease in value and 26 percent increase in weight, the report added.

In this period, China, Iraq, the United Arab Emirates (UAE), Turkey and India were Iran’s main export markets respectively.

China imported $5.6 billion worth of products from Iran in the first five months of the current Persian calendar year.