Iran exported non-oil commodities valued at $2.3 billion to the United Arab Emirates (UAE) during the first five months of the current Iranian calendar year (March 21-August 22), the Islamic Republic of Iran Customs Administration (IRICA) announced.
The IRICA report suggested that the UAE was the third top export destination of Iranian non-oil goods in the five-month period.
The report also announced that exporting non-oil goods worth $7.3 billion to Iran, the UAE was Iran’s first source of import in the first five months of this year.
The UAE is Iran’s second-largest trade partner. The trade between Iran and the UAE has recovered from a pandemic slump of $11 billion in 2020/2021 to $24 billion in the 12 months ending in March, according to Iranian data.
The trade between the two sides has surpassed the $22 billion recorded in 2012 before U.S.-led sanctions were imposed on the Iranian economy.