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Iran’s exports to UAE surge by 8% in quarter to June: Official

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Iran shipped nearly $1 billion worth of goods to the UAE in the quarter to late June, says an official.

Iran’s exports to the United Arab Emirates increased by eight percent in the three-month period ending late June this year, says a senior Iranian trade official.

Farzad Piltan, head of Arab and Africa department at the Trade Promotion Organization of Iran, said on Sunday that exports to the UAE reached a total value of $967 million in the quarter ending June 20.

Piltan said, however, that shipments to the UAE had increased by nearly 40 percent in volume terms as Iran exported some 3,377 metric tons of goods and products to the Persian Gulf country over the first quarter of the Iranian calendar year.

Watermelon topped the list of export items by generating some $19.07 million in revenues followed by tomato shipments at $18.470 million, said the Iranian official.

Growing Iranian exports to the UAE come despite periodic border closures ordered between the two countries in recent months because of the new coronavirus pandemic. The disease broke out in Iran in late February and caused significant restrictions to trade with neighboring countries.

However, Piltan told the semi-official ILNA news agency that a full halt to trade between Iran and the UAE is almost out of question.

He said annual trade between Iran and the UAE is worth nearly $12 billion of which around 40 percent is the value of Iran’s exports to the Arab country.

Piltan said that Iran eyes an increase of 10 percent in its exports to the UAE in the year to late March 2021 to reach a target of $5 billion worth of annual shipments.  

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