Iran is a member of OPEC and GECF and ranks as the 57th largest export economy in the world and stands at the 49th largest economy (in terms of GDP). The main Iranian exports are Ethylene Polymers, Crude Petroleum, nuts and Acyclic Alcohols. Iran mostly exports to China, Turkey, Pakistan, UAE, and Germany. The Iranian economy has been impacted by political sanctions, with import and export restrictions imposed by numerous countries. 

Chart Showing GDP Growth Compared to rest of world

Trade finance is a revolving facility in which lenders offer financing options – it enables businesses to purchase products and can help ease the pressure from working capital issues.

Generally, an export finance bank will fund up to 100% of the cost of the products, including charges (e.g. insurance costs).

Trade finance offers upsides over more traditional bank financing, for example bridging mortgages or loans. Trade finance provides quick funding without affecting existing bank relationships.

How does it work?

If you’re a business importing or exporting goods around the world, then a trade finance facility would assist your company through offering a letter of credit (LC) or some form of cash advance.

I’m looking to import from Iran, how can Trade Finance Global help, and how does it work?

If you’re looking to import inventory from other countries, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender will act as the intermediary, paying the foreign exporter on your behalf until you get the products and have then sold them to your buyer. Repaying the financier then occurs over an agreed period of time.