34% Decline in Iran's Non-Oil Trade With UAE
Iran traded 903,607 tons of non-oil commodities worth $568.38 million with the UAE during the first Iranian month (March 21-April 20), registering a 32.7% and 34.15% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
The UAE was Iran's second biggest trading partner during the period under review after China.
Iran’s exports to UAE stood at 737,028 tons worth $230.56 million to register a 38.19% and 57.98% decline in tonnage and value respectively year-on-year.
The UAE was Iran’s fourth export destination in the world.
Iran exported low-density oils, mineral oils and bitumen to UAE during the month.
It exported 166,579 tons of commodities worth $337.82 million to Iran, up by 10.85% and 7.41% in tonnage and value respectively YOY.
The UAE was the third exporter of goods to Iran during the month under review.
Iran mainly imported graphite electrodes used in furnaces, butter, coal and machinery from the UAE.
source: Financial Tribune
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