Iran Customs Reveals Volume of Its Exports to Gulf States

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.

Source: “Mir”