Iraq sec­ond largest im­porter of Ira­nian goods

Iran Daily - - Domestic Economy -

Iran ex­ported goods val­ued at $6.757 bil­lion to Iraq dur­ing March 21-Novem­ber 21, in­di­cat­ing a growth of 66.59 per­cent com­pared to the fig­ure for the same pe­riod last year.

Based on the lat­est for­eign trade fig­ures, Iraq was the top ex­port des­ti­na­tion from Iran in Novem­ber, for the sec­ond con­sec­u­tive month, Mehr News Agency re­ported.

About 14.21 mil­lion tons of goods, val­ued at $6.75 bil­lion, were ex­ported to Iraq dur­ing the eight-month pe­riod which con­sti­tuted 18.89 per­cent of the weight and 21.46 per­cent of the value of Iran’s to­tal ex­ports dur­ing the pe­riod.

About 8.55 mil­lion tons of goods worth $4.56 bil­lion were ex­ported from Iran to Iraq dur­ing March 21-Nov. 21, 2017. The fig­ures ac­counted for 10.78 per­cent of the weight and 14.55 per­cent of the value of the coun­try’s to­tal ex­ports dur­ing the pe­riod. In Novem­ber, Iran’s Pres­i­dent Has­san Rouhani said Iran and Iraq could raise an­nual trade fig­ure to $20 bil­lion from the cur­rent $12 bil­lion. Pres­i­dent Rouhani made the re­marks in a meet­ing with vis­it­ing Iraqi Pres­i­dent Barham Salih and fol­lowed the reim­po­si­tion of US sanc­tions tar­get­ing Iran’s key oil in­dus­try as well as its bank­ing and trans­porta­tion sec­tors.

“To­day, the eco­nomic re­la­tions be­tween the two coun­tries reach about $12 bil­lion (per year) and, through bi­lat­eral ef­forts, we can raise this fig­ure to $20 bil­lion,” Rouhani said.

Iraq im­ports a wide range of goods from Iran in­clud­ing food, agro prod­ucts, home ap­pli­ances, air con­di­tion­ers and auto spare parts.


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