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Iran’s exports to Iraq up 28% in Q1 calendar year
The West Asia Office of the Trade Promotion Organization of Iran (TPOI) submitted a comprehensive report on the trade between Iran and Iraq from March to June 22, 2024, first three months of the Iranian calendar, Mehr News Agency reported.
Iraq is one of Iran’s important trade partners as the Islamic Republic exported about $3 billion worth of non-oil goods to the neighboring country between March 21 to June 22, 2024.
The natural gas, ferrous or steel bars, tiles and ceramics, fresh apples, iron ingot, watermelon, evaporative coolers, tomatoes and gas turbines were of the main products exported from Iran to the neighboring Iraq in this period, the report added.
In turn, Iran imported $108 million worth of products from Iraq in the first quarter of this year in the Iranian calendar, registering a 25-percent growth compared to the same period last year.
Raw gold, aluminum alloys and tires for passenger cars were the main products imported into the country from Iraq.
According to the Department of Spatial Planning and Regional Planning of the Iranian Plan and Budget Organization (PBO), the Islamic Republic exports products valued at $12 billion to neighboring Iraq annually.