Iran’s exports to Iraq hit new record
A senior official in Iran’s Trade Promotion Organization (TPO) says Iranian exports to Iraq hit a new record in the calendar year to late march.
TPO’s head of West Asia department Farzad Piltan said on Wednesday that Iranian exports to Iraq had reached over $10 billion in the year to March 20.
“That is considered a new and unprecedented record in the exports of the Islamic Republic of Iran to this country,” Piltan was quoted by IRIB News.
Citing latest trade figures released by Iranian customs office, Piltan said exports from Iran to Iraq had increased by 15% over the past calendar year.
He said a group of 100 goods and commodities had accounted for $8.2 billion worth of Iranian exports to Iraq in the year to late March.
The official said main goods exported from Iran to Iraq over the past calendar year were natural gas, steel, urea, plastic products, mining products, dairy, orange and egg.
He said imports from Iraq to Iran totaled nearly $200 million over the year to late March.
Iran has increasingly relied on trade revenues to finance its budget needs since the country’s crude oil exports came under American sanctions in 2018.
Customs figures released earlier this week showed that non-oil exports from Iran had reached an all-time high of $53.166 billion in the calendar year to late March.
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