Expected $ 12 billion in exports to Iraq this year

In an interview with Fars News Agency, Seyed Hamid Hosseini said about the latest situation of exports to Iraq: “Iran’s exports to Iraq in April were declining and even less than the average export of $ 500 million per month, and in export destinations, this month.” The UAE has replaced Iraq.

A member of the board of directors of the Iran-Iraq Chamber of Commerce stated: Of course, this can not be considered a long-term issue, because in April, due to the Nowruz holiday and also the month of Ramadan, trade with Iraq will decrease. The ban on the export of some goods due to the war and crisis in Russia and Ukraine has also reduced our exports to Iraq.

He said: “Gas exports, which constitute a major figure of our exports, are not in the statistics, and usually in May, a gas factor appears in the bills, which increases the value of exports.”

* Expected $ 12 billion in exports to Iraq this year

Hosseini added: “Customs is late in submitting export statistics and recently announced the April statistics and has not yet announced the May statistics, but based on the amount of traffic that the customs had, and on the other hand, given that Iraq’s imports have increased, our exports should It will increase in May, and I hope to reach $ 12 billion in exports to Iraq this year.

A member of the board of the Iran-Iraq Chamber of Commerce stated: “Iraq had $ 149 billion in oil revenues last year, which is an unprecedented figure and has never existed in the history of Iraq. Therefore, increasing revenues are expected to increase construction in Iraq.” And start many projects, these conditions will facilitate the import of goods and access to exports of $ 12 billion.

He said: “One of the factors reducing Iran’s exports to Iraq in April was the imposition of an 11 percent tariff on Iran’s export rebar, which was set by the Ministry of Silence, and I think this policy was wrong. In the past, we exported about 700,000 tons of rebar, and a significant amount of 60 to 70 million dollars of foreign exchange was obtained from the export of this product per month, but we lost this market in April and part of May.

“Given that Iraq was one of the importers of rebar from Ukraine and now Ukrainian factories are almost closed, we can definitely increase the amount of rebar exports to Iraq, given the start of construction in Iraq,” said a member of the board of the Iran-Iraq Joint Chamber. Increase 2 million tons or twice last year’s figure and compensate for the backlog of exports in April.

* Turkish and Chinese exports to Iraq are increasing

Hosseini said that Turkish and Chinese exports to Iraq are increasing: “Iraq is carrying out a series of construction projects with China, and if we do not act, we will not do anything special and we will not be able to discuss issues in technical and engineering discussions with Iraq.” “If we solve and do not enter into engineering projects with Iraq, our competitors will definitely be far ahead of us in the Iraqi market.”

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