Iran’s trade with Qatar decreased by 14% in terms of weight, but increased by 46% in terms of value in the fiscal 2022-23 (ended March 20) compared with the previous year, statistics released by the Islamic Republic of Iran Customs Administration show.
The value of trade with Qatar grew by 77% in rial terms.
The reason behind this jump in trade is due to the growth in Iran's imports from Qatar. Iran imported products worth $84 million from Qatar in the last fiscal year. In fact, Qatar was the 37th biggest exporter to Iran during the period. This is while Qatar was the 66th exporter to Iran in the fiscal 2021-22 with $9 million worth of exports to Iran, ISNA reported.
Iran’s exports to Qatar stood at $124 million last year, which makes Qatar the 29th biggest export destination of Iran, down three ranks compared with the year before.
Exports to this country declined by 16% in terms of weight and 7% in terms of value in the year under review.
Tomato was the main exported product to Qatar worth $18.19 million, accounting for 14.64% of total exports’ value to this country.
It was followed by watermelon worth $6.24 million (5.03%), saffron in over 30 grams packages worth $6.04 million (4.86%), white Portland cement worth $5.06 million (4.08%) and bitumen worth $3.77 million (3.04%).
Imports from Qatar increased by 909% in weight and 816% in value in the last fiscal year compared with the year before.
The value of imports increased by 5,242% in rial terms.