Iran traded 58.25 million tons of goods (excluding crude oil exports) worth $35.11 billion with Persian Gulf countries over the past Iranian calendar year to March 20, latest data released by the Islamic Republic of Iran Customs Administration show.
Iran’s one-year trade with the Persian Gulf’s six littoral states, namely Iraq, Kuwait, Qatar, the UAE, Bahrain and Saudi Arabia, registered a 4.29% fall in terms of weight, but a 10.05% rise in value terms compared with that of the previous year.
The UAE was Iran’s top trade partner among the countries under review with 24.35 million tons (up 3.71%) worth $24.16 billion (up 12.57%). It was followed by Iraq with 27.43 million tons (down 15.81%) worth $10.5 billion (up 3.84%) and Kuwait with 5.41 million tons (up 50.28%) worth $210.34 million (up 21.66%).
Iran’s non-oil exports to the six countries hit 44.88 million tons worth $16.35 billion during the period, to register a 1.21% decline in terms of weight, but a 15.59% increase in terms of value year-on-year.
The main export destinations were Iraq with 27.23 million tons (down 8.85%) worth $10.23 billion (up 14.82%), the UAE with 11.2 million tons (up 4.15%) worth $5.76 billion (up 17.01%) and Kuwait with 5.4 million tons (up 50.46%) worth $197.83 million (up 25.15%).
Imports stood at 13.37 million tons worth $18.75 billion in the year under review, registering a 13.34% decline in terms of weight, but a 5.64% increase in terms of value YOY.
The UAE topped the list of exporters to Iran among Persian Gulf states with 13.14 million tons (up 3.35%) worth $18.39 billion (up 11.25%). It was followed by Iraq with 195,427 tons (down 92.76%) worth $263.65 million (down 77.96%) and Qatar with 25,066 tons (up 904.97%) worth $83.97 million (up 778.12%).
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.