Iran’s Exports To Saudi Arabia Witnessed Rapid Growth In 2022 Amid Detente: Report

Iran’s Exports To Saudi Arabia Witnessed Rapid Growth In 2022 Amid Detente: Report

TEHRAN, Jan 8 (NNN-IRNA) – Iran’s exports to Saudi Arabia increased dramatically in 2022, amid the two countries’ efforts to ease tensions, Iran’s IRIB news agency reported yesterday.

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

During the same period in 2021, the trade volume stood at only 42,000 dollars.

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.– NNN-IRNA  

administrator

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