IFP Exclusive

Iran’s Share of Iraqi Imports Reaches 25 Percent

One-fourth of the total imports into Iraq come from Iran, an Iranian official has announced.

Chairman of the Trade Promotion Organization of Iran Hamid Zadboom says the value of Iranian exports to neighboring Iraq amounts to one-fourth of the Arab country’s total imports.

“Twenty-five percent of the import market in Iraq is held by Iran, as the value of the Iranian goods make up $10 billion of the total of $40 billion in import into Iraq,” he told Fars.

Highlighting efforts to increase Iran’s share in the Iraqi market, Zadboom said the Trade Promotion Organization of Iran has for the first time dispatched a commercial attaché to the Iraqi city of Basra.

Iran has the potential for a big rise in the volume of exports to Iraq, he added, citing the difficult trade conditions caused by the US sanctions.

The official finally expressed optimism that Iran would boost exports to Iraq according to the plans, saying the Islamic Republic is expected to gain a larger share of Iraq’s import market by the next year.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Iran says ready for both cooperation and confrontation

The spokesperson for the Atomic Energy Organization of Iran, Behrouz Kamalvandi, has said while Iran…

1 hour ago

Iranian MP calls for Tehran to leave NPT

A senior Iranian MP has called for Iran to leave the NPT amid tension between…

6 hours ago

Russian president announces mass production of Oreshnik missiles

Russian President Vladimir Putin has confirmed the decision to begin serial production of the new…

6 hours ago

China-Iran relations strengthen amid global changes: Chinese ambassador

Chinese Ambassador to Iran, Cong Peiwu, has reaffirmed China's unwavering commitment to strengthening friendly cooperation…

8 hours ago

At least six Israeli soldiers commit suicide, thousands more get mental health treatment amid war: Report

At least six Israeli soldiers have taken their own lives in recent months, the Israeli…

9 hours ago

Britain suggests would comply with ICC warrant and arrest Israeli PM

The British government has announced it will comply with its obligations under domestic and international…

10 hours ago