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Iran’s exports to Qatar surge

Iranian Foreign Affairs Minister Mohammad Javad Zarif answers journalists' questions during a June 27, 2017 press conference at the ministry of foreign affairs in Berlin, Germany. (Wolfgang Kumm/DPA/Abaca Press/TNS)
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Over $74.6 million worth of goods were exported from Iran to Qatar in the first three months of the current Iranian fiscal year (started March 21), marking a 214 percent increase compared to the same period last year.

According to customs figures, Iran exported 385,922 tons of goods worth $74.6 million to Qatar in the first three months of the current year.

This come a year after the United Arab Emirates, Saudi Arabia, Egypt and Bahrain imposed an embargo on Doha, accusing it of supporting terrorism, an official with Iran’s chamber of commerce said.

The weight and value of the exports accounted for 1.38 percent and 0.64 percent of Iran’s total amount of export, respectively, making the Arab country the 19th biggest importer of Iranian goods, the data showed.

This is while Iran exported 379,845 tons of goods to Qatar during the same corresponding period last year with a value of $23.5 million.

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The four states cut diplomatic and transport ties last year. Qatar, which had many of its imports trans-shipped from the UAE and received the bulk of its fresh food across the Saudi border, denied the accusations.

Imports into Qatar plunged by about 40 percent from a year earlier in the initial weeks of the boycott, but they have since mostly returned to normal as Doha has found new sources of products in countries such as Iran and Turkey, and developed new shipping routes through places such as Oman. Qatar has also launched a drive to produce more things locally, including food.

Iran’s non-oil exports, including condensates witnessed an increase by 15.6 percent during the first quarter of the current fiscal year (March 20-June 21).

The customs administration said that the country’s non-oil exports, including gas condensate, reached $11.618 billion during the period.

The volume of the exported goods reached 27.9 million tons in the 3-month period.

The country includes gas condensate and some raw hydrocarbon products, like propane, butane, etc. in its non-oil export basket.

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© 2018 Trend News Agency (Baku, Azerbaijan)

Distributed by Tribune Content Agency, LLC.

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