According to the Iranian Customs Administration, in the first six months of the current fiscal year, Iran’s trade with countries bordering the Persian Gulf amounted to $13.9 billion.
Iran sold 23.68 million tons of goods worth US$13.96 billion with six countries bordering the Persian Gulf, namely Iraq, Kuwait, Qatar, UAE, Bahrain and Saudi Arabia, during the first six months of the current fiscal year ( March 21 – September 22). recording a decline of 16.76% and 0.54% in weight and value compared to the same period last year, respectively.
The UAE was Iran’s first trading partner among the countries in question with a value of 10.92 million tons worth $10.31 billion, registering an annual increase in weight and value of 84.5% and 8.06% respectively.
It is followed by Iraq from 9.93 million tons (down 33.33%) at a value of $3.47 billion (down 19.98%) and Kuwait from 2.35 million tons (up 93.27%) at cost 87.03 million dollars (an increase of 21.17%).
The top export destination was Iraq with 9.86 Mt (down 28.95%) worth $3.38 billion (down 11.92%) followed by the UAE at 5.72 Mt (down 1. 6%) in the amount of $3.11 billion (an increase of 38.72%) and Kuwait from 2.35 million tons. (an increase of 93.72%) with a value of 81.95 million USD (an increase of 26.4%) imports amounted to 5.27 million tons, a value of 7.32 billion USD, registering a decrease of 23.95% and 6.33% in weight and value compared to the same period of the previous year respectively.