Exporting from Iran to Persian Gulf countries: Due to its potential, the Persian Gulf can have many advantages for the countries bordering this Gulf. Oil export can be mentioned as the most important and public of these advantages. It is natural that Iran, which has the largest water border, has a larger share of the economy in this area. In this article, we talk about Exporting from Iran to Persian Gulf countries. We will advance this issue in the form of Iran’s trade relations with the countries of the Persian Gulf Cooperation Council and describe its current situation, so stay with us.
The Persian Gulf countries have good trade relations with Iran, and at the same time, they are considered a suitable market for increasing Iran’s non-oil exports, however, trade is also beneficial for the other side, but if they make decisions for political reasons that lead to the termination of economic relations between the two countries. Definitely, the biggest loss of this action will be towards them.
Exporting from Iran to Persian Gulf countries
In the past years, many efforts and consultations were made to increase Exporting from Iran to Persian Gulf countries and Mutual benefits for both countries, but statistics still show that Iran’s trade with the countries of the Persian Gulf Cooperation Council has not reached the desired level.
And then we will examine Iran’s trade with the countries of Qatar, Kuwait, Bahrain, the Emirates and Oman.
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Exporting from Iran to Qatar
Exports from Iran to Qatar have brought a lot of incomes. The wealth of Qatar along with the hot and dry climate and the lack of suitable land for agriculture have made Qatar a good importer for Iranian agricultural products. To export to Qatar, you must be well aware of the country’s export and import rules and its market needs. Consultation with a professional lawyer and marketing expert is essential before starting the export process.
On the other hand, the Qatari market is very profitable. The proximity of this country to the Persian Gulf and the use of its resources have made Qatar bold in the world. Also, the high potential of this country for the transportation of goods and transit as well as tourism has caused the attention of businessmen and international traders to be directed to this country. The absence of VAT can also be considered as an important advantage of exporting to Qatar.
The embargo of Qatar by other Arab countries and the fact that most of the country’s population is sheikh has made other countries able to gain a good profit from exporting there. Of course, due to the good political relations between Iran and Qatar, economic interactions between Iran and Qatar were expected to be much more than this. But to the utter disbelief, Iran has a small share of Qatar’s markets, and other European countries stole the lead in exporting from Iran to the Persian Gulf countries. Countries like Turkey, America, France, China, India, Japan, England, Germany, Italy and India have the most exports to Qatar.
Exported goods and products:
- Steel
- hardware
- lime
- Chemical products
- cement
- chalk
- Agricultural products
- Vegetable and animal oil
- living animals
Export situation from Iran to Qatar:
Qatar has not yet made a decision about cutting ties with Iran, and the country’s officials have not commented on this, although it seems unlikely that Qatar wants to cut ties with Iran. But in general, the volume of trade between these two countries is not very high and reaches a little more than 100 million dollars, of course, Iran’s share of exports is much higher than imports.
Exporting from Iran to Kuwait
Another country that we examine in terms of exporting from Iran to the Persian Gulf countries is Kuwait. Exporting to Kuwait has always been one of the main export options for Iran. The small population and limited geographical area have made this country one of the successful importers. Having a common water border with several important ports in Iran and Kuwait is one of the most important reasons for doing business with Kuwait.
Bushehr, Khuzestan and Bandar Abbas are ports that form the connection between Kuwait and Iran. Unfortunately, despite having a good political relationship with this country, Iran does not have a special share in exports to this country and its market. Most of Kuwait’s imports were from China and America.
Exported goods and products:
- Vegetables and agricultural products
- Fruits and citrus fruits
- Oil seeds
- Food products such as cereals, flour and dairy products
- Fish and other aquatic animals
- Sheep and live animals
- steel and iron
- Building materials
- Mineral products such as rock and salt, gypsum, cement, sulfur, lime
- Cultural and artistic works
Export situation from Iran to Kuwait:
This country is one of the biggest customers of Iran’s cement and like other countries in the region, it has a special interest in importing live animals from Iran. So that more than 73 million dollars of Iran’s exports to this country are only related to live animals.
On the other hand, Iran also imports a large volume of motor vehicles through this country, and finally, the total trade of these two countries reached about 260 million dollars last year, of which 197 million dollars was Iran’s share and 63 million dollars The dollar is the share of Kuwait.
Exporting from Iran to Bahrain
Iran has had trade relations with Bahrain for a long time and exports goods and products to this country. Bahrain’s geographic location and its border with the Persian Gulf, as well as its income-generating capacity, have drawn the world’s attention to this country in terms of imports from the Persian Gulf countries. Simple business rules and low taxes are among the advantages of doing business with Bahrain and tempts every foreign investor.
The country of Bahrain is also an Islamic country, and in this sense, it has cultural and religious similarities with Iran. This similarity has made it easy to export to this country and do business with Bahrain without much trouble. Exports from Iran to Bahrain are often carried out through Bushehr. Having said that, Iran is still not at the top of the list of importing countries to this country, and Saudi Arabia has the largest share in Bahrain’s exports.
Exported goods and products:
- sweets
- Apples and cucumbers
- ice cream
- Saffron
- dried fruit
- flooring
- Industrial machinery
Export situation from Iran to Bahrain:
Bahrain’s trade with Iran has an interesting shape, but in the end, it can be said that Bahrain’s profit is more than Iran’s, because in the relations between these two countries, Iran’s trade balance is extremely negative.
The export of 222 items of goods to Bahrain last year generated only 10 million dollars in income for Iran, while Bahrain has earned an income of 328 million dollars by sending only 19 items of goods to Iran.
Of course, the main reason for this difference is the import of 280 million dollars of compressed iron ore from Bahrain to Iran, which due to the increase in supply and decrease in demand for iron ore in the world market and the decrease in the global price of this material, Iran can easily buy it from another country. Make it and don’t have any problems.
Exporting from Iran to Emirates
The UAE is one of the most successful countries in the field of trade and economy and import of the Persian Gulf countries, which is always progressing. Economic growth has made the risk of investment in this country very low and the capital of global traders has flowed into this country’s market.
Although the UAE needs agricultural products and food and has extensive imports in this field. But Iran failed to take advantage of this opportunity and take a significant share of this country’s market. One of the reasons for banning the export of agricultural and food products is the weakness of the export infrastructure of these products. It is natural that traditional barges and dilapidated ships are not suitable for transporting food and agricultural products and they rot along the way.
Exported goods and products:
- grape
- spice
- cement
- melons
- raw lead
Export situation from Iran to Emirates:
Iran has been able to export well to this country and the UAE has become one of the important export destinations for Iranian producers. Last year, the amount of exports to this country was 1007 items worth more than 4 billion dollars.
Perhaps this issue is one of the reasons why the UAE has not completely severed its relations with Iran; In other words, this country wants to win Saudi Arabia’s heart politically and to continue its business relations with Iran. It is clear that if the communication between the two countries is cut off, Iran will have many problems regarding imports, but it should not be ignored that the UAE is definitely not interested in losing its $30 billion trade with Iran, especially since This country is one of the most important destinations for Iranian tourists and earns a lot of income from it every year.
Exporting from Iran to Oman
This country has a lot to say about imports from Persian Gulf countries. Also, the presence of many ports and cargo ships in this country has made the most important factor in the import of this country to have a direct shipping line. UAE, Saudi Arabia and China have the most exports to Oman and unfortunately Iran has not performed well in this field.
Due to the dominance of both countries on both sides of the Strait of Hormuz, exports from Iran to Oman have increased and the economic relations between these two countries are improving. Due to the dryness of Oman, agricultural products are one of the basic needs of Oman’s markets.
Exported goods and products:
- Legumes
- Food industry
- Animal corn
- Fruits and vegetables
- livestock atmosphere
- raisins
- Nuts and dried fruit
- Supexol tablets
- Driving and its accessories
- carpet
- Iron and steel
- Household water purifier and its accessories
- candy
- television
- Percarbon ferromanganese
- Building materials
Export situation from Iran to Oman:
In trade with Oman, the bottom of the export balance is heavy in Iran’s favor, and Iran’s trade balance in these exchanges is more than 200 million dollars positive. Last year, Iran was able to export 283 items of goods worth more than 300 million dollars to Oman, and against 71 million dollars in the form of 127 items, it also imported goods from this country.
conclusion
In this article, we examined Exporting from Iran to Persian Gulf countries. Most of these countries have a lot of oil and fossil resources due to access to open waters and the Persian Gulf, and they are rich and sheikh countries. Trade with these countries is very beneficial for all merchants and governments. It is natural for investors to compete with each other.
If you also intend to export to these countries, it is better to familiarize yourself with their laws before doing anything. Know their market needs well and enter the competition consciously. In this context, it is necessary to consult with a lawyer and legal advice as well as professional experts in the field of business and do not rush into the water. The Meran Group team with experienced and professional experts is by your side and helps you to have a profitable business. Get in touch with us.
