Latest data released by the Islamic Republic of Iran Customs Administration (IRICA) shows that the volume of trade between Iran and Persian Gulf littoral countries have increased by 15% over the first 10 months of the current Iranian year (March 21, 2022-Jan. 20).
Iran’s exports, excluding crude oil, to the six Persian Gulf countries reached 38.93 million tons worth $14 billion during March-January period, while imports stood at 11.14 million tons worth $15.17 billion.
Iran traded 50.08 million tons of goods (excluding crude oil exports) worth $29.22 billion with the Persian Gulf’s six littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, during the mentioned time span, registering a 0.08% and 15.43% year-on-year rise in terms of weight and value respectively, the IRICA report indicated.
The UAE was Iran’s top trade partner among the countries under review with 20.27 million tons (up 5.48%) worth $19.77 billion (up 17.42%). It was followed by Iraq with 24.33 million tons (down 9.97%) worth $9.08 billion (up 10.47%) and Kuwait with 4.57 million tons (up 62.98%) worth $181.01 million (up 32.45%).
Iran’s non-oil exports to the six countries hit 38.93 million tons worth $14 billion during the period, to register a 2.9% and a 23.91% increase in terms of weight and value respectively.
The main export destination was Iraq with 24.21 million tons (down 3.27%) worth $8.92 billion (up 22.45%), followed by the UAE with 9.26 million tons (up 2.63%) worth $4.82 billion (up 26.91%) and Kuwait with 4.57 million tons (up 63.4%) worth $171.05 million (up 36.65%).
Imports stood at 11.14 million tons worth $15.17 billion during the 10 months, registering an 8.59% decline in terms of weight, but 8.56% growth in terms of value.
The UAE topped the list of exporters to Iran among Persian Gulf states with 11 million tons (up 8.01%) worth $14.95 billion (up 14.66%). It was followed by Iraq with 112,610 tons (down 94.34%) worth $153,790 million (down 83.29%) and Qatar with 18,240 tons (up 859.5%) worth $59.12 million (up 716.69%).
Iran traded 60.87 million tons of goods worth $31.9 billion with the 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.