UAE remains Iran’s top trade partner among neighboring countries
The latest data released by the Islamic Republic of Iran’s Customs Administration shows that UAE continues to be Iran’s top trade partner among neighboring countries.
The latest data released by the Islamic Republic of Iran’s Customs Administration shows that UAE continues to be Iran’s top trade partner among neighboring countries.
The report indicated that Iran’s business deals with 15 neighboring countries stood at 92.26 million tons worth $46.25 billion during the 11 months to February 19.
The UAE was Iran’s biggest trade partner with 21.3 million tons worth $18.8 billion. It was followed by Turkey with 18.78 million tons worth $10.31 billion and Iraq with 30.36 million tons worth $9.27 billion.
Total exports to neighbors stood at 70.26 million tons worth $23.53 billion.
Iraq with 28.02 million tons worth $8.22 billion was the biggest export destination. It was followed by Turkey with 15.3 million tons worth $5.61 billion, the UAE with 9.84 million tons worth $4.23 billion, Afghanistan with 3.85 million tons worth $1.66 billion and Pakistan with 2.63 million tons worth $1.13 billion.
Total imports from neighboring countries during the period hit 22 million tons worth $22.72 billion.
Shipments mainly came from the UAE with 11.46 million tons worth $14.57 billion, Turkey with 3.47 million tons worth $4.7 billion, Russia with 3.26 million tons worth $1.45 billion, Iraq with 2.35 million tons worth $1.05 billion and Oman with 925,442 tons worth $515.12 million.
Iran’s 15 neighboring countries are Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan,
Turkmenistan, Kuwait, Qatar, Kazakhstan, Armenia, the UAE, Bahrain and Saudi Arabia.
Iran traded $36.45 billion worth of non-oil goods with its neighboring countries in the last Iranian year (ended March 20, 2021).
The preceding year’s figure stood at $40 billion.Neighbors account for about half of Iran’s total international trade.
Source: ICCIMA
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