Abdul Amir Rabehavi, the Director General of the West Asia Trade Promotion Organization in Iran, said today, Saturday, that his nation has exported more than $4.5 billion worth of goods to Iraq over five months of the current year (the Iranian year starts on March 21), so indicating a 21% increase over the same period last year.
“Iraq represents a vital neighbor of ours. Between Iran and Iraq, yearly trade volume comes to roughly $10 billion. According to a report by the Iranian website ILNA, which Shafaq News Agency translated, the nation’s trade in the first five months of this year totaled over $4.8 billion, of which exports accounted for more than $4.5 billion.
“The volume of exports to Iraq increased by 21% compared to the same period last year, which amounted to $3.55 billion,” Rabehwana said, hoping “that we will reach the record figure of $10 billion in the second 6 months.”
Noting that “most of the goods imported from Iraq are scrap iron, aluminum, and some petroleum products,” Rabehavi said Iran’s exports to Iraq comprise liquefied gas, iron sectors, petrochemical goods of all types, building materials, and food products.
