Director of the West Asia Office at the Iranian Trade Development Organization, Farzad Beltin, confirmed that merchandise exports to Iraq on March 20, 2023 exceeded the level of 10 billion dollars.

According to Fars News Agency, Beltin considered that the export of more than 10 billion dollars of goods to Iraq in the aforementioned year is a new, unprecedented level.

He indicated that exports to Iraq witnessed an increase of about 15 % over the previous year, March 20, 2022, as about $8.2 billion of them were related to 100 items of main commodities exported to Iraq.

He went on, saying: “Commodities such as natural gas, steel alloys, dairy products, plastics, urea, oranges, eggs, sponge iron, pipes, profile iron, types of electrical transformers, and metal industries witnessed an increase over the previous year.”

On the other hand, he confirmed that Iran’s imports from Iraq recorded about $200 million in the fiscal year ending March 20, 2023, stressing that Iraq is one of Iran’s strategic partners with regard to foreign trade, especially exports.

Source: National Iraqi News Agency