Iran's exports to Saudi Arabia skyrocket to 96%

Iran's Customs data for the past year highlights the country's iron and steel billet as its primary export to Saudi Arabia, constituting a staggering 96% of the total export value. Despite a significant increase in export values, imports from Saudi Arabia have remained at zero, indicating a trade imbalance. Until April to July of this year, Iran's exports to Saudi Arabia reached 5.9 thousand dollars, maintaining the trend of limited product variety.