Iran’s exports to Iraq hit $4.5 billion in the past 5 months

The Director of the West Asia Department of the Iranian Trade Development Organization confirmed that the country's exports to Iraq reached more than $4.5 billion in the past 5 months, which represents a growth of 21%. According to the Iranian Labor News Agency (ILNA), Abdol Amir Rabiehawi said that Iraq is a strategic neighbor of Iran and the annual trade volume between the two countries is about $10 billion. In the 5 months of this year (March-August), trade exchange between the two countries amounted to about $4.8 billion, more than $4.5 billion of which were for Iranian exports to Iraq. He added that the volume of exports to Iraq increased by 21% compared to the same period last year, which amounted to $3.55 billion. We hope to reach the record number of $10 billion in the second half of the year. He said about Iran's exports to Iraq: The most important exports to Iraq are liquefied gas, steel, petrochemical goods of all kinds, construction materials and foodstuffs. Most of the goods imported from Iraq are scrap iron, aluminum and some petroleum products. Source: National Iraqi News Agency