15% increase in Iranian exports to Iraq / import of $ 920 million worth of goods from blocked currencies

Seyed Hamid Hosseini in an interview with Fars News Agency economic reporter about the latest trade situation between Iran and Iraq, said: In the first 10 months of this year, 7 billion and 280 million dollars of goods were exported from Iran to Iraq and for the first time Iraq $ 920 million Has exported goods to Iran.

He said that before this, Iraq’s exports to Iran were about $ 100 million a year, adding: “With this amount of Iraq’s exports to Iran, Iraq’s rank was raised from the 26th importer to Iran to the sixth rank.”

Hosseini stated that these imports from Iraq were from the place of blocked money in Iraq, and said: in exchange for a part of the blocked money in Iraq, this country has exported some basic goods such as wheat and soy to Iran.

He said: “Importing goods from Iraq means that trade is not one-sided and Iraq also benefits from establishing trade relations with Iran, and this will help develop trade relations between the two countries, so I hope this issue will continue in the coming months.”

A member of the board of the Iran-Iraq Joint Chamber stated: 320,000 tons of goods imported from Iraq are related to wheat and some are related to soybeans and other basic goods.

He added that due to some internal problems in production, gas and electricity exports to Iraq have been restricted.

A member of the board of the Iran-Iraq Joint Chamber, emphasizing that our country’s exports to Iraq have increased by about 15 percent compared to last year, said: “Last year, our monthly exports to Iraq were worth $ 650 million, this year this figure to $ 730 million.” it is arrived.

He said: “The decrease in the corona and the increase in commodity prices have been effective in increasing exports, but there are still problems for exporting technical and engineering projects and participating in tenders, which we hope will be able to use the capacity to develop trade with this country.”

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