Domestic Economy

UAE Second Biggest Trade Partner of Iran


Iran and the UAE traded 20.34 million tons of commodities worth $14.28 billion during the last Iranian year (March 2020-21), registering a 28% and 7% increase in weight and value respectively compared with the year before. 
As a result, says the Islamic Republic of Iran Customs Administration’s spokesperson, the Arab country emerged as Iran’s second biggest trade partner during the period.
“Our exports to the neighboring country hit 15.27 million tons worth $4.62 billion, showing a 27% and 6.5% rise in volume and value respectively YOY. Exports to the UAE account for 13.6% and 13.4% of Iran’s total exports over the period under review. Earlier, the country was Iran’s third biggest export destination after China and Iraq,” Rouhollah Latifi was quoted as saying by the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (


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