Iran’s non-oil exports to Iraq increase by 36% in 7 months

Iran’s non-oil exports to Iraq have risen by 36 percent in the first seven months of the current Iranian year (March 20–October 21), reaching $7.288 billion, according to the Trade Promotion Organization (TPO) of Iran.

News ID: ۲۰۰۰۴۱۰

04 December 2024

EghtesadOnline: Abdolamir Rabihaavi, TPO’s director-general for West Asia, stated that unofficial data indicates an additional $1.0 billion in exports to Iraq during November, bringing the total non-oil exports to the neighboring country to $8.2 billion so far this year.

“With the current trajectory, we anticipate that Iran’s exports to Iraq will hit an unprecedented $11 billion by the end of the year,” Rabihaavi noted.

Rabihaavi emphasized that Iraq is one of the key markets for Iranian goods with high-added value.

Construction materials, including various types of steel profiles, ceramic tiles, food products, chemical and petrochemical goods, and plastic products were the main data-x-items exported to Iraq in the mentioned seven months.

The surge in trade reflects strengthened economic ties between the two countries, with Iraq serving as a major destination for Iran's diverse non-oil export portfolio. / Mehr