Iran’s Oil Revenue Slumped More Than Half

ICBPS- Iran’s oil revenue slumped by more than half in the last Iranian calendar year as the chairman of the Iran-China Chamber of Commerce, Majid Reza Hariri, stated that Iran’s oil revenue this year is “at best $5 billion.”

Iran’s Trade With India, Japan, S.Korea And Turkey Sharply Drops

ICBPS- New Data released indicates that Iran’s import from its major trading partners has significantly declined as well as the countries’ exports to Iran.

New statistics from Iran’s main trading partners show a significant drop in Iran’s exports to these countries, and in general, their exports to Iran have also decreased.

In September, new figures from the Indian Ministry of Finance show a 23-fold drop in the Indian subcontinent’s imports from Iran in the first seven months of 2020.

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