Excess evaporation within the Persian (also referred as the Arabian) Gulf induces an inverse-estuary circulation. Surface waters are imported, via the Strait of Hormuz, while saltier waters are exported in the deeper layers. Using output of a 1/12-Degree horizontal resolution ocean general circulation model, the spatial structure and time variability of the circulation and the exchanges of volume and salt through the Strait of Hormuz are investigated in detail. The model's circulation pattern in the Gulf is found to be in good agreement with observations and other studies based on numerical models. The mean export of salty waters in the bottom layer is of 0.26±0.05Sv (Sverdrup = 1.0 × 106 m3 s-1). The net freshwater import, the equivalent of the salt export divided by a reference salinity, done by the baroclinic circulation across that vertical section is decomposed in an overturning and a horizontal components, with mean values of 7.2±2.1 × 10-3 Sv and 5.0±1.7 × 10-3 Sv respectively. An important, novel finding of this work is that the horizontal component is confined to the deeper layers, mainly in the winter. It is also described for the first time that both components are correlated at the same level with the basin averaged evaporation minus precipitation (E-P) over the Persian Gulf. The highest correlation (r2 = 0.59) of the total freshwater transport across 26°N with E-P over the Gulf is found with a one-month time lag, with E-P leading. The time series of freshwater import does not show any significant trend in the period from 1980 to 2015. Power spectra analysis shows that most of the energy is concentrated in the seasonal cycle. Some intraseasonal variability, likely related to the Shamal wind phenomenon, and possible impacts of El-Nino are also detected. These results suggest that the overturning and the horizontal components of freshwater exchange across the Strait of Hormuz are both driven by dynamic and thermodynamic processes inside the Persian Gulf.