2024-03-30T12:40:15+00:00
A-
A
A+
/ Statistics issued by Iranian trade reported on Saturday that Iraq imported nearly $8 billion worth of Iranian non-oil goods during the first ten months of the Iranian year (March 21, 2023 until January 21, 2024).
According to statistics, Iran exported approximately 113 million tons of non-oil goods worth $40.5 billion during the first ten months.
It also indicated that Iran’s five main export destinations during that period were: China with $11.5 billion, Iraq with $7.7 billion, the UAE with $5.2 billion, Turkey with $5 billion and India with $1.8 billion.
Accordingly, the share of the country’s five main export destinations, during this period, amounted to 74% of the total value of exports, and China and Iraq accounted for more than 47% of the country’s total exports, which demonstrates the importance of these two countries in Iran’s exports.
Statistics published by Customs for the first ten months of the past Iranian year (March 21, 2023 until January 21, 2024) stated that exports to Iraq witnessed a figure of $7.7 billion, indicating a decrease in value by 13% compared to the year 2022.
Iran’s exports to Iraq do not vary much, and the ten main commodities that Iran exports to this country in 2022 constitute about 52% of the total value of its exports.
Liquefied natural gas was the most important Iranian export commodity to Iraq, with a share of 37% of the total value of exports. Of course, Iran’s exports of liquefied natural gas to Iraq have been on an upward trend since 2021, reaching about $3.8 billion in 2022, an increase of 56%.
Iron or steel bars and tiles are considered the second and third most important Iranian export commodities to Iraq, which in 2022 constituted about 7% and 1.3% of the total value of exports to Iraq, respectively, but this trend stopped in 2022 and the value of its exports reached 708 Millions of dollars, a decrease of about 10%.
Tile exports to Iraq also witnessed a slight increase during the period covered by this report since 2017, and reached $130 million in 2023, with a growth of about 2% compared to a year.