Some $291 million worth of products were exported cross-border from Mehran to Iraq, since the beginning of Iranian year (March 20) until June 30," the Deputy Director of Trade and Development Affairs at Industries, Mines and Trade Organization of Iran’s Western Province of Ilam Saeed Sharif said today.
Iran exports non-oil commodities such as cement as well as gas and electricity to Iraq. In the year between March 2018 to March 2019, Iran exported close to $9 billion of products to Iraq registering 37 percent growth compared to the preceding year.
The two countries" officials have set the target of $20 billion per year for Iran-Iraq trade.
"The amount of goods (declared by the customs office) with more than 448 thousand tons was related to the export of the Ilam province, which was exported to Iraq from the border during the said period", Sharif said.
"The main export items during this period were construction materials, metal products, agriculture, plastic, automobiles, automotive parts, petrochemicals,” he added.
The local official noted that among the stated exports from the province over the past three months of the current year (in the first quarter of the year), rose up 20% in terms of weight and 84 percent in terms value compared to the preceding period.
On Saturday, Hamid Hosseini, Secretary General of Iran-Iraq Joint Chamber of Commerce, addressing a big Iran-Iraq conference attended by the economic agents of the two neighboring countries in Tehran, said that Iran has exported $ 2.5 billion worth of goods to Iraq in the past 100 days which indicates a 20% spike compared with the corresponding period in the last year.
“Over the past 100 days, Iran has exported $ 2.5 billion worth of goods to Iraq, which suggests that $ 25 million worth of goods were exported by Iran each day, indicating an increase by more than 20% compared to the same period in last year,” Hosseini added.
Source: Farsnews - Date: (08 July 2019)