The value of trade exchanges with neighboring Iraq reached from $10.096 million in 1400 (March 21, 2021 to March 20, 2022) to $10.501 million in 1401, showing a four percent growth compared to a year earlier, IRICA reported.

The total volume of trade exchanges between Iran and Iraq (non-oil exports and imports) exceeded 27,437 tons, valued at $10.501 million, from March 21, 2022 to March 20, 2023, IRICA added.

Meanwhile, Iran’s balance of trade with Iraq hit $9,974 million in this timespan, it said.

Natural gas, ferrous or steel bars, tomato, components of steam-operated turbines, light lubricants, and byproducts except gasoline, kitchenware, iron ingot and polyethylene were of the main products exported from Iran to Iraq in this period, IRICA continued.