What is the value of Iran’s exports to the UAE?

In addition to China, Iraq and Turkey, the UAE is one of Iran’s most important trading partners, so that in 1398, this country was Iran’s second largest trading partner.

Trade between Iran and the UAE in the 12 months of 1398 was worth $ 13.4 billion, of which $ 4.5 billion was Iran’s exports to the UAE and $ 8.9 billion was the UAE’s imports to Iran.

* What was the value of Iran’s exports to the UAE in the first 11 months of 1399?

Iran’s exports to the UAE in the first 11 months of 1399 in terms of value were $ 4.1 billion, and during this period, Iran’s exports to China were $ 8.1 billion and Iraq was $ 6.8 billion.

Iran’s exports in the first 11 months of 1399 to Turkey were worth $ 2.2 billion and to Afghanistan $ 2.1 billion.

According to Dubai customs statistics, in 2014, the value of Iran’s exports to the UAE was $ 4.1 billion, in 2015, the value of Iran’s exports to the UAE was $ 4.9 billion, and in 2016, 2017 and 2018, the value of our country’s exports to the UAE were 7.4, 6.7 and 5.9 billion, respectively. It has been a dollar.

But the amount of Iran’s imports to the UAE was far more than Iran’s exports to this country, so that in the first 11 months of 1399, the value of the UAE’s exports to Iran was $ 8.4 billion.

The value of China’s exports to Iran in the first 11 months of 1399 was a total of $ 8.8 billion, Turkey $ 3.8 billion, India $ 2 billion and Germany $ 1.7 billion.

In total, Iran’s trade value to the three countries of China, UAE and Turkey in the first 11 months of 1399 was worth 16.9, 12.5 and 6 billion dollars, respectively.

Iran’s main exports to the UAE are chemical and cellulosic products, minerals and materials, metal, gas condensate, fruits and vegetables, sweets and chocolate and cereal products, dairy products, home appliances and nuts, etc., which in 2018 Petrochemical products based on oil had the largest volume of Iran’s exports to the UAE, so that the value of exports in this sector was $ 1997 million, followed by petrochemicals and cellulose products accounted for the largest volume of exports, so that in 2018 exports of these products to the UAE It was worth $ 1,690 million.

The value of fruit and vegetable exports to the UAE in the same year was $ 590 million and the value of dairy and dried fruit exports was $ 246 and $ 158 million, respectively.

* Obstacles and problems in the development of foreign trade between Iran and the UAE

The main problems in the development of foreign trade between Iran and the UAE are the strictness of the Central Bank of the UAE on Iranian accounts, the weakness of the fleet and the Minister of Rail and Maritime Transport, the lack of a refrigerated container road transport fleet and the need for coagulation and activation. He mentioned the creation of preferential and free trade agreements and strategies in the development of foreign trade.

* Suggested solutions for developing trade with the UAE

Facilitating the travel of economic actors, holding permanent exhibitions and stores or seasonal products of Iranian products, facilitating exports during the expo event by the Ministry of Silence, Trade and Customs Development Organization by eliminating strict export regulations are also strategies for developing foreign trade between Iran and the UAE. .

Given the prospects of positive economic growth in the UAE in the coming years, especially in 2018 and beyond, predicting the growth of imports of goods and also the high volume and variety of imported goods, this market can be an attractive destination for Iranian exports.

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