Baku, Azerbaijan, Sep. 16
By Khalid Kazimov – Trend:
Iraq is the second largest market for Iranian goods with a daily value of $20 million of imports from the Islamic Republic, an Iranian trade official said.
Hamid Hosseini, the secretary general of the joint commerce chamber of Iran and Iraq, has said that the Arab nation plays a key role in keeping the Islamic Republic’s trade balance positive, IRNA news agency reported.
He added that Iran is incapable of exporting this amount of goods to any other countries on a daily basis.
According to the latest reports by Iran's Custom Administration, Iran exported worth of $2.6 billion of goods to the neighboring Arab state in the first months of the current fiscal year (starting March 20).
Construction materials, oil products, mineral oil as well as food products form the majority of Iran’s exports to Iraq.
The official described Iraq as the most important market for Iran and called on the government officials in the Islamic Republic to take measures aimed at facilitating exports of goods to Iraq.
Iran's non-oil exports, including gas condensates, reached $17.193 billion during the first five months of the current fiscal year.
In the meantime, Iraq imported $2.604 billion worth of goods from Iran, indicating four percent increase year-on-year.