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Business

Iran-Iraq trade volume increases by 15 percent

Tehran, IRNA – From the time the 13th government took charge till June 22, 2022, the Iran-Iraq trade volume was over 25.933 million tons, worth $638 million, which showed 15 percent increase compared with same period last year.

Iranian Customs Organization Spokesman Ruhollah Latifi announced the increase simultaneously with the Iraqi prime minister’s visit of Iran, indicating that the increase in bilateral trade volume is related to non-oil imports and exports during the past 10 months.

He added that Iran’s exports share of that volume is 23.516 million tons, worth $7.577 billion, which shows 3 percent increase compared with the same period last year, while during the same period Iraq exported 2.418 million tons of goods to Iran, worth 63 million dollars, that showed a 512 percent increase.

He said that the existence of lots of historical, cultural and religious commonalties between the Iranian and Iraqi nations, as well as increased bilateral political and economic relations, led to increasing non-oil export level from $145 million in the year 2001 to 9 billion dollars in the year 2019, and breaking records again last year, to almost 30 million tons of goods, worth $8.916 billion, while Iraq has during the recent years been the 2nd destination of Iranian export goods in the world and the 1st among Iran’s neighbors.

Source: Islamic Republic News Agency - IRNA


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