Iran traded 23.68 million tons of goods worth $13.96 billion with the six Persian Gulf littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, during the first six months of the current fiscal year (March 21-Sept. 22), registering a 16.76% and 0.54% decline in terms of weight and value compared with the similar period of last year respectively.
The UAE was Iran’s top trade partner among the countries under review with 10.92 million tons worth $10.31 billion, registering an 84.5% and 8.06% year-on-year growth in weight and value, respectively.
It was followed by Iraq with 9.93 million tons (down 33.33%) worth $3.47 billion (down 19.98%) and Kuwait with 2.35 million tons (up 93.27%) worth $87.03 million (up 21.17%).
Iran’s exports to the six countries hit 18.41 million tons worth $6.64 billion during the period, registering a 14.44% decline in weight, but a 6.72% growth in value YOY.
The main export destination was Iraq with 9.86 million tons (down 28.95%) worth $3.38 billion (down 11.92%), followed by the UAE with 5.72 million tons (down 1.6%) worth $3.11 billion (up 38.72%) and Kuwait with 2.35 million tons (up 93.72%) worth $81.95 million (up 26.4%).
Imports stood at 5.27 million tons worth $7.32 billion, registering a 23.95% and 6.33% decrease in weight and value compared with the same period of the previous year, respectively.
The UAE topped the list of exporters to Iran among Persian Gulf states with 5.2 million tons (down 12.11%) worth $7.2 billion (down 1.35%). It was followed by Iraq with 65,454 tons (down 93.51%) worth $90.05 million (down 81.96%) and Qatar with 3,023 tons (up 96.48%) worth $20.5 million (up 248.1%).
Iran traded 60.87 million tons of goods worth $31.9 billion with Persian Gulf littoral states in the fiscal 2021-22, up from $22.36 billion in the year before. Exports totaled 45.43 million tons worth $14.15 billion while imports stood at 15.43 million tons worth $17.76 billion.