Iran traded 33.2 million tons of goods (excluding crude oil exports) worth $20.22 billion with the Persian Gulf littoral states during the first eight months of the current fiscal year (March 21-Nov. 21).
The volume of trade with the Persian Gulf’s six littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, registered 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 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%).
Iran’s non-oil exports to the six countries hit 25.01 million tons worth $8.87 billion during the period, to register a 20.92% and a 4.2% decrease in terms of weight and value YOY, respectively.
The main export destination was Iraq with 13.22 million tons (down 38.88%) worth $4.66 billion (down 23.89%), followed by the UAE with 7.6 million tons (up 4.34%) worth $3.98 billion (up 35.37%) and Kuwait with 3.48 million tons (up 192.66%) worth $128.07 million (up 40.19%).
Imports stood at 8.19 million tons worth $11.35 billion during the eight months, registering a 14.02% decline in terms of weight, but a 5.21% growth in terms of value YOY.
The UAE topped the list of exporters to Iran among Persian Gulf states with 8.08 million tons (up 0.86%) worth $11.18 billion (up 10.97%). It was followed by Iraq with 90,681 tons (down 93.99%) worth $119.76 million (down 83.05%) and Qatar with 10,425 tons (up 511.1%) worth $39.7 million (up 501.63%).