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Tehran trade with Saudi on the rise

October 22, Gulf Daily News -- TEHRAN: Iran 's trade surplus with Saudi Arabia last year was $6.9 million on the back of a 32-plus per cent rise in exports to the kingdom, the official Irna news agency reported yesterday.

Customs officials said that cathode copper and carpets topped the list as Saudi Arabia accounted for 1.5pc of Iran 's non-oil exports in 1999, marking a 32.3pc rise over the previous year.

In 1998, Iran ran a $27.3m trade deficit with the kingdom, Irna said, adding that Saudi Arabia had moved up from 19th to 16th among the top importers of Iranian goods.

Benzene, white cement and apples were next on the list of Iranian exports to the kingdom, the agency said.


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