May 5, 2020, 3:58 PM
Journalist ID: 1842
News Code: 83776885
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Iranian trade with Arab states stands at $22 billion last year

Tehran, May 5, IRNA – Iranian Director General of Trade Promotion Organization for Arabic-African Affairs Farzad Piltan said on Tuesday that Iranian trade with Arab states stood at $22 billion in the past Iranian year 1398 (ended on 20 March, 2020).

Farzad Piltan said that $12.5 billion of the $22b trade was export to the Arab states of the Persian Gulf, i.e. Iraq, the UAE, Oman, Qatar, Kuwait, Saudi Arabia, as well as Jordan, Lebanon and Syria; and $9 billion was the import from these countries.

Piltan said that in export, Iraq ($9b) and the UAE ($2.5b) and in import the UAE ($8.7b) and Qatar ($200m) are on the top of the list.

He added that in both export and import Bahrain was on the bottom of the list with 10 and 2 million dollars.

In 2019, direct trade between Iran and Saudi Arabia stopped.

From among the regional countries, there are some that are on top of the foreign trade of Iran: Iraq (4th), Oman (18th), Qatar (34th), Kuwait (39th), Syria (41st), Lebanon (62nd), Jordan (63rd), Bahrain (88th).

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