Iran exports $15 million worth of goods to Saudi Arabia for first time after cutting ties

The value of Iranian exports to Saudi Arabia reached 14.71 million dollars during eight months from late March to late November.

11 January 2023
ID : 44383
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The value of Iranian exports to Saudi Arabia reached 14.71 million dollars during eight months from late March to late November.

Shahid Rajaee Port in Iranian southern city of Bandar Abbas.

Iran's exports to Saudi Arabia have increased dramatically in 2022 amid the two countries' efforts to ease tensions, Iran's IRIB news agency reported on Saturday.

Iran's customs administration said during the period from the Iranian New Year that fell on March 21, 2022, to Nov. 1, 2022, the value of Iranian exports to Saudi Arabia reached 14.71 million dollars, which is a record high since Riyadh cut diplomatic ties with Tehran in 2016.

During the same period in 2021, the trade volume only stood at 42,000 dollars.

According to the IRIB report, the main exports include steel ingots, grapes, and sodium hydroxide, among others.

Rounds of talk between the two sides took place in 2022 to improve bilateral relations and ease regional tension. 

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