Details of Iran’s exports to Iraq declared

Business Materials 28 November 2020 17:41 (UTC +04:00)
Details of Iran’s exports to Iraq declared

BAKU, Azerbaijan, Nov. 28

By Elnur Baghishov – Trend:

Iran exported 17.6 million tons of goods worth $5 billion to Iraq during the first seven months of the current Iranian year (from March 20 through October 21, 2020), Director General of Trade Promotion Organization of Iran’s (TPOI) Arabic-African Affairs Office Farzad Piltan said, Trend reports citing the organization website.

Piltan noted that Iran is the main exporter country to Iraq. Thus, Iran ranks first place in Iraq’s imports with 27 percent.

He added that Iraq imported 26 percent of goods from Turkey, 25 percent from China, 6 percent from South Korea, 5 percent from India, and 4 percent from the US.

The director-general stressed that Iran's exports to Iraq increased by 26 percent in terms of volume with seven months compared to the same period last year.

Piltan said that in addition to gas and electricity, the exported goods were mainly iron shafts, ceramics, water conditioners, spare parts for steam turbines, tomatoes, watermelons, tomatoes, cheese, and biscuits.

According to the statistics of TPOI, Iraq exports $90 billion worth of goods annually and imports about $32 billion worth of goods. The main exported goods from Iraq are crude oil, chemicals, some food products, and farm animals (sheep, cow and etc.). While the main imported goods to this country are wheat, rice, cooking oil, sugar, medicines, industrial and metal products, automobiles, electricity, and telecommunications equipment.

Iran exported $4.4 billion worth of goods to China, $2.2 billion worth to the UAE, $1.5 billion worth to Turkey, and $1.3 billion worth to Afghanistan over seven months.