The US trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.
The value of non-oil trade between Iran and the members of the Eurasian Economic Union (EAEU) reached $2.1 billion in the previous Iranian year (ended on March 20), data released by the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) showed.
Iran Mercantile Exchange announced on Sunday that more than 2.7 million tons of commodities, valued at over $1.5 billion, were traded in its domestic trading and export halls during the month to April 20.
Given the favorable conditions to diversify Iranian exports and the existing infrastructures, there is a capacity to increase the volume of trade between Iran and Oman to $5 billion, said the head of Iran-Oman Joint Chamber of Commerce.
The Iran Mercantile Exchange (IME) announced on Saturday that 740,132 tons of commodities, valued at over $513 million, were traded in its domestic trading and export halls in the week ending April 23.
Iran traded 82.5 million tons of non-oil commodities worth over $36.5 billion with its neighboring states during the year to March 20, announced spokesman of the Islamic Republic of Iran Customs Administration (IRICA) Rouhollah Latifi on Wednesday.
By Ali Raza Rind
Lack of formal banking channels, phytosanitary facilities and poor cellular and data connectivity have greatly marred the trade potential of Taftan, the business community of the famous border town complains.