Iran's Non-Oil Trade With Persian Gulf Arab States Increases Over 16%

Iran’s non-oil trade with Persian Gulf littoral states, namely the UAE, Iraq, Kuwait, Qatar, Bahrain and Saudi Arabia, amounted to $23.89 billion in the last Iranian year (ended March 20, 2018), indicating an increase of 16.81% compared to the year before, Financial Tribune’s data analysis based on the Islamic Republic of Iran Customs Administration's statistics indicates.
Iran exported $13.69 billion worth of non-oil goods to these six countries last year, registering a decrease of 1.58%, while the country’s imports stood at $10.20 billion up by 55.96% compared to the year before.
Iran-UAE trade stood at $16.83 billion during the period, up by 21.18% year-on-year, making the Arab nation Iran’s biggest trading partner among the six countries under review.
The UAE was Iran’s second biggest trading partner in the world last year after China.