Iran gas exports to Iraq in 2022 rose by 4% to $4b
Iran exported $4 billion worth of gas to neighboring Iraq in the last Persian calendar year of 1401 (March 21, 2022, to March 20, 2023), according to the Islamic Republic of Iran Customs Administration (IRICA).
The value of trade exchanges with neighboring Iraq increased from $10.096 million in 1400 (March 21, 2021, to March 20, 2022) to $10.501 million in 1401, showing a four percent growth compared to the previous year, Tasnim news agency wrote.
The total volume of trade exchanges between Iran and Iraq (non-oil exports and imports) exceeded 27,437 tons, valued at $10.501 million, from March 21, 2022, to March 20, 2023, IRICA added.
Meanwhile, Iran’s balance of trade with Iraq hit $9.974 billion during the period, the report read.
Natural gas, ferrous bars, tomatoes, components of steam-operated turbines, light lubricants, byproducts except for gasoline, kitchenware, iron ingot, and polyethylene were the main products exported from Iran to Iraq in this period, IRICA continued.