Iran’s trade with Persian Gulf states tops $21 billion

Financial Tribune – Iran exported $12.5 billion and imported $9 billion worth of commodities from Arab states in the Persian Gulf region in the year to March 19

Iran’s non-oil commercial exchanges with Persian Gulf Arab states, including Iraq, the UAE, Oman, Qatar, Kuwait, Syria, Lebanon, Jordan and Saudi Arabia, hit $21.5 billion in the last Iranian year that ended on March 19, 2020.

According to Director General of Trade Promotion Organization of Iran’s Arabic-African Affairs Office Farzad Piltan, Iran exported $12.5 billion and imported $9 billion worth of commodities from these countries, IRNA reported.

Iraq was Iran’s main export destinations among the countries under review as $9 billion worth of goods were exported to the neighboring state last year. It was followed by the UAE with $2.5 billion, Oman with $450 million, Qatar with $200 million, Kuwait with $180 million, Syria with $160 million, Lebanon with $30 million, Jordan with $21 million and Bahrain with $10 million.