Economy, Domestic Economy

Rise in Exports to UAE, Imports Fall

Rise in Exports to UAE, Imports FallRise in Exports to UAE, Imports Fall

More than 5.5 million tons of goods valued at $2.5 billion were exported to the UAE during the first four months of the current fiscal year (March 20-July 21), which shows a 47% rise compared to the same period last year. The main exports included gas condensate, petrochemicals, minerals, steel products, pistachio and saffron, the Islamic Republic of Iran Customs Administration reported. It said during the four months imports reached 1.34 million tons of non-oil commodities worth $2 billion from the Persian Gulf Arab state -- a 34% decline. Machinery, industrial parts, vehicles, cell phones, air conditioners and food products were among the main imports.