Iran: Exports to Iraq up 31% YOY to $3.1 billion in five months

Published 2021년 9월 6일

Tridge summary

Between March 21 and August 22 of the current fiscal year, Iran's non-oil exports to Iraq reached 12 million tons, valued at $3.16 billion, marking a 53% increase in weight and a 31% increase in value compared to the previous year. Iraq was the second largest importer of Iranian goods after China. The trade primarily consisted of agrifood products, with fruits and vegetables being the largest export. The construction of a 32-km railroad connecting the Iranian and Iraqi railroad systems has been completed. Annual trade between the Kurdistan Region of Iraq and Iran amounts to $6 billion.

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Original content

EghtesadOnline: Iran’s non-oil exports to Iraq stood at 12 million tons worth $3.16 billion in the first five months of the current fiscal year (March 21-Aug. 22), registering a 53% and 31% growth in weight and value respectively compared to the 7.8 million tons worth $2.4 billion in the corresponding period of last year, according to the secretary-general of Iran-Iraq Chamber of Commerce. In fact, the neighboring Iraq was the second biggest destination of Iranian goods during the period after China with 10 million tons of imports worth $4.3 billion.“Imports from Iraq stood at 246,000 tons worth $140 million in the first four months of the current fiscal year [March 21-July 22], registering a 540% growth in terms of value,” Jahanbakhsh Sanjabi Shirazi was also quoted as saying by ILNA.About half of Iran’s exports to Iraq is shipped through Kermanshah Province.One of the 31 provinces of Iran, Kermanshah has two official borders with Iraq and five active border ...

Source: Eghtesadonline.com