Iran’s Trade with Persian Gulf Littoral States over 20 Billion Dollars in 8 Months
Iran’s Customs Administration announced that the country traded 33.2 million tons of goods (excluding crude oil exports) worth $20.22 billion with the Persian Gulf’s six littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain, and Saudi Arabia, during the first eight months of the current fiscal year (March 21-Nov. 21), registering a 19.33% fall in terms of weight, but a 0.86% rise in terms of value respectively.
Iran’s export to Persian Gulf states reached 25.01 million tons worth $8.87 billion while import stood at 8.19 million tons worth $11.35 billion.
The UAE was Iran’s top trade partner among the countries under review with 15.69 million tons (up 2.51%) worth $15.16 billion (up 16.67%). It was followed by Iraq with 13.31 million tons (down 42.5%) worth $4.78 billion (down 30.04%) and Kuwait with 3.48 million tons (up 82.64%) worth $134.69 million (up 47.45%), Financial Tribune reported.
Iran’s non-oil exports to the six countries hit 25.01 million tons worth $8.87 billion during the period, registering a 20.92% and a 4.2% decrease in terms of weight and value YOY (year on year), respectively.
Earlier this year, Iranian Foreign Minister Hossein Amir-Abdollahian said that the Islamic Republic attaches great significance to the promotion of all-out relations with neighboring countries, specially the Arab states, and offers a hand of friendship to them.
“Strengthening of relations with neighbors, especially Arab countries, is a top priority in Iran’s foreign policy. Our hand is extended toward our neighbors,” the Iranian foreign minister noted.
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