Exports to Saudi Arabia Gain Momentum Amid Tehran-Riyadh Detente

Following political talks between Iran and Saudi Arabia, it seems that the ground has been prepared for resumption of trade between the two neighboring countries, Rouhollah Latifi, a customs expert, wrote for the Persian daily Ta’adol
Latifi, who is also the former spokesman of the Islamic Republic of Iran Customs Administration, noted that a total of 30,791 tons of goods worth $14.71 million were exported from Iran to Saudi Arabia from the beginning of the current Iranian year (March 21, 2022) to Nov. 21, which is considered a significant jump after the suspension of political relations between the two sides in recent years.
“Iran’s exports to Saudi Arabia stood at less than $42,000 in the last Iranian year [March 2021-22]. The figure reached $377,309 in the first eight months of the current Iranian year [March 21-Nov. 21, 2022], but in the last 40 days, with exports of 30,015 tons of steel ingots worth $14.2 million and 60 tons of seedless grapes worth $126,000, Iran’s total exports reached $14.71 million,” he added.