Iran's Non-Oil Trade Surplus With Persian Gulf States Tops $290m

Iran recorded $292.91 million in non-oil trade surplus with Persian Gulf littoral states, namely the UAE, Iraq, Kuwait, Qatar, Bahrain and Saudi Arabia, during the first month of the current fiscal year (March 21-April 20).

Latest data released by the Islamic Republic of Iran Customs Administration show Iran traded 2.07 million tons of non-oil commodities worth $982.11 million with Persian Gulf states during the month to register a 24.77% and 24.63% decline in tonnage and value respectively compared with the same period of last year.

Iran’s exports totaled 1.9 million tons worth $637.51 million during the period, indicating a 26.98% and 35.42% decrease in tonnage and value respectively year-on-year.