For the first time, Iraq exports goods to Iran worth of $920 million

Baghdad Member of the Board of Directors of the Iranian-Iraqi Joint Chamber of Commerce, Hamid Hosseini, announced today, Wednesday, the import of basic commodities worth $920 million from Iraq through Iran’s frozen assets in Iraq.

Hosseini told the Iranian “Fars” news agency, “Iran’s exports amounted to 7.280 billion dollars to Iraq in the first ten months of the current fiscal year for the period March 21, 2021 until January 20, 2022, and for the first time, goods worth $920 million were imported from Iraq during this period.

He pointed out that “Iraq’s exports to Iran annually touch $100 million, and by exporting $920 million in the first ten months, Iraq rose to rank 6 out of 26 in the ranking of countries exporting to Iran.”

Hosseini added, “Imports from Iraq were made through frozen Iranian stocks,” explaining that “some basic commodities such as wheat and soy were imported for part of these stocks.”

Source: National Iraqi News Agency