20 Apr 2024
Tuesday 20 December 2022 - 14:54
Story Code : 402679

Iran's trade with Persian Gulf states tops $20 bn in 8 months

Iran
Irans exports to Persian Gulf states reached 25.01 million tons worth $8.87 billion while imports stood at 8.19 million tons worth $11.35 billion.

Iran traded 33.2 million tons of goods (excluding crude oil exports) worth $20.22 billion with the Persian Gulfs 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, latest data released by the Islamic Republic of Iran Customs Administration show.

The UAE was Irans 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.

Irans 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, respectively.

 

 

By MEHR
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