News ID: 235450
Published: 0315 GMT December 08, 2018

Iraq, second largest importer of Iranian goods

Iraq, second largest importer of Iranian goods

Iran exported goods valued at $6.757 billion to Iraq during March 21-November 21, indicating a growth of 66.59 percent compared to the figure for the same period last year.

Based on the latest foreign trade figures, Iraq was the top export destination from Iran in November, for the second consecutive month, Mehr News Agency reported.

About 14.21 million tons of goods, valued at $6.75 billion, were exported to Iraq during the eight-month period which constituted 18.89 percent of the weight and 21.46 percent of the value of Iran's total exports during the period.

About 8.55 million tons of goods worth $4.56 billion were exported from Iran to Iraq during March 21-Nov. 21, 2017. The figures accounted for 10.78 percent of the weight and 14.55 percent of the value of the country's total exports during the period.

In November, Iran's President Hassan Rouhani said Iran and Iraq could raise annual trade figure to $20 billion from the current $12 billion.

President Rouhani made the remarks in a meeting with visiting Iraqi President Barham Salih and followed the reimposition of US sanctions targeting Iran's key oil industry as well as its banking and transportation sectors.

"Today, the economic relations between the two countries reach about $12 billion (per year) and, through bilateral efforts, we can raise this figure to $20 billion," Rouhani said.

Iraq imports a wide range of goods from Iran including food, agro products, home appliances, air conditioners and auto spare parts.

   
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