News ID: 237109
Published: 0241 GMT January 09, 2019

Iran's total exports to Iraq exceed $11B

Iran's total exports to Iraq exceed $11B

In the first nine months of the current Iranian year (started March 21, 2018), Iran exported various goods and electricity worth $11.5 billion to Iraq, Hasan Danayifar, the secretary of Iran's Committee for Economic Relations with Iraq and Syria, said on Wednesday.

Danayifar noted that $6.5 billion of the exports accounted for goods and added that in the same period of the previous year Iran's goods exports to Iraq amounted to $6.4 billion, according to IRNA.

Despite US sanctions, Danayifar said Iran's total exports to Iraq have increased by 40 percent compared to the previous year.

It is expected that Iran's goods exports to Iraq will reach $8.1 billion by the end of the current year, he added.

Commenting on the US pressure on Iraq aimed at ceasing the economic relations with Iran, Danayifar noted that about 40 percent of Iraq's demand for electricity is supplied by Iran and it is impossible to stop the supplies.


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