Iran trade with Saudi swings from deficit to surplus
Iran's trade surplus with Saudi Arabia last year was $6.9 million on the back of a 32-plus percent rise in exports to the kingdom, Iran’s official news agency, IRNA, reported Saturday.
Customs officials said that cathode copper and carpets topped the list as Saudi Arabia accounted for 1.5 percent of Iran's non-oil exports in 1999, marking a 32.3 percent rise over the previous year.
In 1998, Iran ran a $27.3 million 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. — (AFP, Tehran)
© Agence France Presse 2000
© 2000 Mena Report (www.menareport.com)