Exports to Iraq Fetch Highest Average Value

EghtesadOnline: The average value of Iran’s exports to Iraq is the highest among those dispatched to other destinations.

News ID: ۷۸۳۵۸۰

07 August 2018

According to Nasser Behzad, Iran’s commercial attaché to Iraq, the average value of Iran’s exported commodities to Iraq during the first four months of the current fiscal year (March 21-July 22) stood at $527 per ton, which is 1.2 times higher compared to the average value of Iran’s exports elsewhere, IRNA reported. The average value of Iran’s exports to China and the UAE, the Islamic Republic’s first and second export destinations during the period under review stood at $336 and $456 respectively.

Iran exported a daily average of $20 million worth of commodities to Iraq during the period. According to statistics from the Islamic Republic of Iran Customs Administration, Iran’s exports to Iraq hit 4.78 million tons worth $2.52 billion during the four months to July 22, up 14.12% and 23.19% in tonnage and value respectively year-on-year.

Iraq was Iran’s third biggest export destination during the period, according to Financial Tribune.

The exported goods to the neighboring country included 10,000 types of commodities, such as plastic products, agro and processed products, industrial machinery and parts, mineral products and construction materials.