Iran's Q1 Exports to Kuwait Drop 40% to $31m

A total of $31 million worth of non-oil commodities were exported from Iran to Kuwait during the first quarter of the current fiscal year (March 20-June 20), to register a 40% decline compared with the corresponding period of last year.
According to Director General of Trade Promotion Organization of Iran's Arab-African Affairs Office Farzad Piltan, the decline in exports is due to the lack of direct contacts between Iranian and Kuwaiti business leaders, as well as obstacles to visa issuance for small-scale exchanges, IRNA reported.
Iran’s exports to Kuwait in the last fiscal year (ended March 19) stood at $180 million, indicating a 26.87% drop compared with the year before (March 2018-19).