0350 GMT April 08, 2020
Weighing over 448,000 tons, the products were exported via the western Iranian province of Ilam, said Saeid Sharifi, deputy director of the provincial Industries, Mines and Trade Organization for trade and development affairs, in an interview with IRNA on Monday.
Iran exports non-oil products, such as cement, gas and electricity to Iraq.
In the year to March 2019, Iran exported products valued at close to $9 billion to Iraq. The figure indicated a 37-percent growth compared to that of the preceding year.
The two countries’ officials have set an annual target of $20 billion for their bilateral trade.
Sharifi added, “The main items exported during March 20-June 30, 2019 to Iraq were construction materials, metal, agricultural and plastic products, automobiles, auto spare parts and petrochemicals.
He noted that exports from the province in this time span rose 20 percent and 84 percent in terms of weight and value, respectively, compared to the figures for the same period last year.
On July 2, Iraqi officials announced that their country plans to introduce a new financial mechanism that would enable it to continue gas and electricity imports from Iran.