News ID: 4098454 -

Exports to Iraq hit $3bn in 6 months

TEHRAN, Sep. 26 (MNA) – Iran commercial attaché in Baghdad, Naser Behzad, stated that value of Iran’s exports to Iraq had stood at over three billion dollars in the first six months of the current Iranian year (began March 21).

Behzad made the remarks on Tuesday morning explaining that Iraq was the second destination for Iranian products.

He went on to underline that Iraqis had imported goods from Iran worth two billion dollars in the first four months of the ongoing Iranian calendar year to become the second largest buyer of Iranian products.

The 8-percent rise in exports to Iraq pertained to shipment of goods like agricultural products, machinery and mechanical appliances, electrical devises as well as pharmaceuticals, he continued.

“Other major items being deployed to the Iraqi market include pasta, flour, dairy products, petrochemical products as well as industrial lubricants.”

Behzad, while pointing to the 44th Session of Baghdad International Fair to be held in October, said the event was an excellent opportunity for introducing Iranian companies and their products.

He reiterated that countries like Germany, USA, Iran, Korea, Ukraine, Qatar, France, Lebanon and Syria will take part in Baghdad exhibition asserting “directors of the Iranian companies can conduct negotiations with their Iraqi counterparts as well as firms from other countries in a bid to expand bilateral cooperation.

He emphasized that Iran was determined to make a strong presence in the upcoming event.

Behzad said Iraq annually imported products worth 30 billion dollars from different countries; “Iran’s share of the Iraqi imports, stands at 24 percent which puts the country in third place of exporters to Iraq after China and Turkey.”

If Iran adds technical and engineering services and gas condensate to its exports to Iraq, its share in the markets of the neighboring country will be equal to that of Turkey.

For the first time ever, Iran has started exporting daily 12 million cubic meters of natural gas to Iraq for the present year.

Per capita price per ton of Iranian exports to Iraq is $500, which represents a higher value than per capita of Iran’s overall exports which stand at 350 dollars.

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