Annual exports to Iraq to hit $12b: Official
Iran’s exports to neighboring Iraq will reach $12 billion by the end of the current Iranian year (March 19, 2024), said a member of the Iran-Iraq Joint Chamber of Commerce.
Talking to Fars news agency, Hamid Hosseini said Iran’s exports of products to Iraq in the first eight months of the current Iranian year showed a 35 percent growth compared to the same period last year.
Iran and Iraq enjoy high potential to boost the level of bilateral trade, he said, adding that Iran has been the third exporting country to Iraq, after China and Turkey, over the past three years.
Iran’s Trade Promotion Organization (TPO) has embarked on setting up an office in Iraq to boost bilateral trade.
According to the Islamic Republic of Iran Customs Administration (IRICA), Iran exported more than $32 billion worth of products from March 21 to November 22, 2023, over $6 billion of which was destined to neighboring Iraq.