Domestic Economy
0

Exports to Kuwait Reach $180m in Fiscal 2019-20

Exports to Kuwait Reach $180m in Fiscal 2019-20Exports to Kuwait Reach $180m in Fiscal 2019-20

Iran exported $180 million worth of commodities to Kuwait in the last fiscal year (ended March 19, 2020), according to the director general of Trade Promotion Organization of Iran's Arab-African Affairs Office.
Farzad Piltan added that minerals and construction materials, including cement, ceramic, glass, stones, concrete products and plaster, constituted the lion’s share of Iran’s exports to Kuwait with a value of $30 million during the period, IRNA reported.
Data released by the Islamic Republic of Iran Customs Administration show last year’s exports indicate a 26.87% drop compared with the year before (March 2018-19).
According to Piltan, the decline in exports is due to a lack of direct contacts between Iranian and Kuwaiti business leaders, as well as obstacles in visa issuance for small-scale exchanges.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com