Iran’s exports to Saudi Arabia see rise in 2022 amid detente

January 7, 2023

During the same period in 2021, the trade volume only stood at $42,000…reports Asian Lite News

Iran’s exports to Saudi Arabia have increased dramatically in 2022 amid the two countries’ efforts to ease tensions, Iran’s IRIB news agency reported.

Iran’s customs administration on Saturday said during the period from the Iranian New Year that fell on March 21 to November 1, 2022, the value of Iranian exports to Saudi Arabia reached $14.71 million, which is a record high since Riyadh cut diplomatic ties with Tehran in 2016.

During the same period in 2021, the trade volume only stood at $42,000, Xinhua news agency reported.

According to the IRIB report, the main exports include steel ingots, grapes and sodium hydroxide, among others.

Rounds of talk between the two sides took place in 2022 to improve bilateral relations and ease regional tension.

ALSO READ: UK govt to declare Iran’s Revolutionary Guard as terror group

Previous Story

UN may stop aid programs in Afghanistan if female ban is not lifted

Next Story

First retrofitted Emirates A380 enters service

Latest from -Top News

UAE credit soars to the top

S&P Global, Moody’s Investors Service, and Fitch Ratings — have all assigned strong sovereign credit ratings to the UAE In a strong

Khamenei rebukes Trump

Khamenei said Iran had triumphed over the US and downplayed the impact of the strikes on the country’s nuclear infrastructure Iran’s Supreme

UAE powers up China ties

Dr Sultan Al Jaber’s China visit boosts UAE-China strategic ties, focusing on energy, renewables, and industrial cooperation amid record bilateral trade and

Khamenei threatens more strikes

Iran’s supreme leader rebukes Trump’s ‘surrender’ remark, warns of repeat attacks on US bases and Israeli targets. In his first public appearance

Don't Miss