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Iran’s exports to Iraq reach $3Bln in Q1 2024, marking 28% increase

By Al Mayadeen English
Source: Agencies
13 Jul 2024 19:36

The TPOI on Friday published a detailed report on trade between Iran and Iraq for the period from March to June 22, 2024, covering the first three months of the Iranian calendar year.

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This undated photo published by IRNA shows a truck passing through the Mehran crossing at the Iraq-Iran border (IRNA)

From March 21, 2024, to June 21, 2024, the first three months of the Iranian calendar year, Iran exported about $3 billion worth of products to Iraq, reflecting a 28% increase from the same period last year, according to data from the West Asia Office of the Trade Promotion Organization of Iran (TPOI).

The TPOI on Friday published a detailed report on trade between Iran and Iraq for the period from March to June 22, 2024, covering the first three months of the Iranian calendar year.

As one of Iran's important trade partners, Iraq received approximately $3 billion worth of non-oil goods from Iran between March 21 and June 22, 2024.

According to the report, Iran's main exports to Iraq during this period were natural gas, steel bars, tiles and ceramics, fresh apples, iron ingots, watermelon, household water coolers, tomatoes, and gas turbines.

Conversely, Iran imported $108 million worth of goods from Iraq in the first quarter of the Iranian calendar year, a 25% increase compared to the same period last year.

The main imports consisted of raw gold, aluminum alloys, and passenger car tires.

Iran has over the past years moved forward toward expanding cooperation and ties with regional and non-regional countries in matters of trade, diplomacy, and security among other areas.

Following the martyrdom of late President Ebrahim Raisi, the two countries reaffirmed their commitment to pursue good relations in matters of trade and security.

"Our martyred president did great actions and made important achievements. Perhaps one of his most outstanding actions was to raise the level of Iran's relations with Islamic, neighboring, and aligned countries, which was honestly very successful in that regard," interim Iranian President Mohammad Mokhber said during a meeting with Iraqi President Abdul Latif Rashid in late May.

"No doubt that the strategy of the Islamic Republic of Iran towards the government and people of Iraq, which was pursued by Ayatollah Raeisi will continue with force from now on," Mokhber added.