Iran: We control 16% of Iraq's foreign trade

Iran: We control 16% of Iraq's foreign trade



26/02/2018

Economy News _ Baghdad

The value of Iranian exports to Iraq in the past 11 months has reached about 6 billion dollars, the secretary of the Iranian-Iraqi Chamber of Commerce Hamid Hosseini said Monday.

Hosseini said in a press statement that the volume of Iranian exports to Iraq during the past 11 months amounted to 5 billion and 570 million dollars.

"Iraq is one of the most important export markets for Iran," said Mujtaba Khosrotag, head of Iran's Trade Development Organization. "In 2016, Iraq was the third largest exporter for our exports."

Khosrotag pointed out that "Iran controls the foreign trade of Iraq by 16%," noting that "Turkey tops the list of countries that export its products to Iraq by 22%, while China comes in second place by 20%" of foreign trade for Iraq.

He explained that "his country has managed over the past three years to control the proportion of 19% of Iraqi foreign trade for foodstuffs."

According to official figures for Iran, 40% of Iranian exports to Iraq enter through border crossings with the Kurdistan Region.

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