Economy, Domestic Economy

Iraq May Become Iran's Top Non-Oil Export Destination

Finance Desk
Iraq May Become Iran's Top Export Destination
Iraq May Become Iran's Top Export Destination

Iran's exports to Iraq have considerably increased in recent months, giving rise to the possibility that the neighboring country could dethrone China as Iran's top export destination. 
However, domestic developments in both countries threaten those prospects, as US sanctions will only serve to create obstacles in the way.
According to the Islamic Republic of Iran's Customs Administration, during the first half of the current Iranian year that ended on Sept. 22, Iran’s non-oil exports to Iraq stood at 9.61 million tons worth more than $4.56 billion, up 45.32% and 44.58% in volume and value respectively year-on-year.


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