Thirty-nine percent growth in Iran's weight exports to the UAE

Thirty-nine percent growth in Iran's weight exports to the UAE
  • 2020-07-19
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Director General of the Arab and African Office of the Trade Development Organization of Iran: In terms of weight, Iran's exports to the UAE in the first quarter of this year compared to last year increased by thirty-nine percent to three thousand three hundred and seventy-seven thousand tons.

According to the International Iranian Stone Exhibition, Farzad Pilten stated about the latest trade situation with the UAE: The UAE market had a 15% share in the exports of the Islamic Republic of Iran in the first quarter of this year and the amount of exports to this country is nine hundred and sixty. And it was seven million dollars during that period. This figure was equivalent to eight hundred and ninety-five million dollars in the same period last year, which shows an increase of eight percent. But in terms of weight of Iran's exports to the UAE in the first quarter of this year compared to last year increased by thirty-nine percent to three thousand three hundred and seventy-seven thousand tons, among which products such as watermelon with nineteen thousand and seventy thousand dollars And tomatoes with eighteen million and four hundred and seventy thousand dollars have been at the top of exports to this country.

He added: "The UAE has an important role in the economy of the Islamic Republic of Iran, considering that it is one of the main partners of the country's foreign trade in both exports and imports."

The Director General of the Arab and African Office of the Trade Development Organization of Iran stated: The UAE has imposed various restrictions on the transportation of our country's export goods to its ports, as well as the traffic and monetary exchanges of traders, both in line with US sanctions against our country and in preventing the spread of Corona virus. Has created an Iranian. However, due to the interdependence in bilateral trade relations with our country, it acted faster than other neighboring countries to remove restrictions on the spread of the corona virus.

He reminded: Iran-UAE trade in recent years has averaged about twelve billion dollars, about forty percent of which included exports of the Islamic Republic of Iran to this country and about sixty percent included Iran's imports from this country.

He added: "Given that the total exports to the UAE last year was about four and a half billion dollars, for this year the target of five billion dollars in exports to this country is projected, which if normalized global and bilateral trade, perhaps Compared to last year, we can expect an increasing trend in exports to this country and the realization of the projected goal.

Regarding the increase in freight costs to Arab countries, Pilten said that the increase in freight costs was mainly due to the global trade downturn. Of course, at the domestic level, in addition to reducing business activities affected by the corona virus, increasing the cost of transportation services by domestic transport companies as well as fuel has also been effective in increasing this.

He added: "Iran's Trade Development Organization, in its annual export support package, including this year, has provided facilities for the transportation of the country's export products. Did.

* ILNA