Baku, Azerbaijan, March 3
By Gazenfer Hamidov – Trend:
About 18 percent of Iran’s non-oil export is sent to Iraqi market, according to the Islamic Republic’s commercial attache to Iraq, Nasser Behzad.
Iran exported $5.5 billion worth of goods to Iraq during the first 11 months of the current fiscal year (started March 20), Behzad said, the press office of the Trade Promotion Organization of Iran reported.
The volume of Iran’s exports to Iraq amounted to 12 million tons, Behzad added.
He further said that some 66 percent of Iran’s overall non-oil exports is destined to China, Iraq, the UAE, South Korea and Afghanistan, with half of that to Iraq and China.
The average price for each ton of Iran's non-oil exports to Iraq in the 11-month period was around $460, which is 1.2 times more than the average price of Iran’s exported goods, Behzad said.
Iran was the third biggest trading partner of Iraq in 2016.
Turkey, with a 22 percent share in Iraq’s foreign trade, is Baghdad’s top trade partner followed by China with a 20 percent and Iran with a 16 percent share.
Food exports constituted 19 percent of Iran’s non-oil exports to Iraq in the past three years followed by agro-products (15 percent), chemical products (15 percent), energy products (11 percent), construction materials (10 percent), machinery and vehicles (5 percent), home appliances (4 percent) and textiles (3 percent), according to Iranian officials.