Iran exports over $918M of goods to Iraq via Qasr-e Shirin

Business Materials 24 September 2014 15:21 (UTC +04:00)

Baku, Azerbaijan, Sept.24

By Fatih Karimov - Trend:

Iran exported 2.4 million metric tons of goods, worth $918.8 million, to Iraq via the Qasr-e Shirin joint border in the first half of the current year.

Grey cement, cakes and biscuits, water coolers, tomatoes and tomato pastes, construction materials, and fruits were the most important items exported to Iraq, Iran's IRNA news agency reported on September 24.

The current Iranian calendar year began on March 21.

Iran's Minister of Finance and Economic Affairs Ali Tayebnia said in May that Iran-Iraq trade reached $12 billion in the past Iranian year (ended on March 20) with non-oil exports making up for 50 percent of the figure.

He noted that Iranian trade with Iraq is carried in variety of fields including transit of goods, export of electricity as well as the export of gas and technical and engineering services.

Tayebnia urged officials to facilitate banking and insurance transactions between the two countries to speed up the cooperation of private sectors.

Iraq was the 2nd leading importer of Iranian non-oil goods in the previous Iranian calendar year, which ended on March 20, 2014, according to the Iran Customs Administration.

Iran exported $5.94 billion of non-oil goods to Iraq, while imported $68.4 million of non-oil goods from its western neighbor.