Domestic Economy

Iran's Q1 Exports to Iraq Top $1.4b

Iran's Q1 Exports to Iraq Top $1.4b
Iran's Q1 Exports to Iraq Top $1.4b

A total of 5 million tons of non-oil goods worth $1.45 billion were exported from Iran to Iraq during the first quarter of the current Iranian year (March 20-June 20) to register a 40% and 38.3% decline in tonnage and value respectively compared with the similar period of last year, according to the secretary-general of Iran-Iraq Chamber of Commerce.
“The decline was due to the coronavirus outbreak, which prompted the Iraqi government to set restrictions on trade and shut down the neighboring country's border crossings,” Hamid Hosseini was quoted as saying by IRNA.
According to the Islamic Republic of Iran's Customs Administration, Iran's overall non-oil exports stood at 21.92 million tons worth $6.36 billion in spring.
This means Iraq accounted for about 22.8% of Iran's overall exports in Q1. 


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