SAEDNEWS: Iraq Accounts for 22% of Iran’s Total Exports, Iranian Official Says
According to Saednews, Hassan Danaeifar has stressed the importance of safeguarding and further developing the Iraqi market, noting that approximately 22 percent of Iran’s total exports are destined for neighboring Iraq.
Highlighting Iraq’s significant role in Iran’s foreign trade, Danaeifar said Iraq has remained one of Iran’s main trading partners over the past 15 years, currently accounting for around 22 percent of the country’s exports.
He also noted that Iranian products make up 14 percent of Iraq’s total imports, underscoring the strategic importance and depth of economic relations between the two neighboring countries.
According to Danaeifar, the Iraqi market offers considerable potential for expanding Iranian exports. Geographical proximity, relatively low transportation costs, easy market access, and the compatibility of Iranian products’ quality and prices with Iraqi consumer demand provide favorable conditions for maintaining and expanding the presence of Iranian goods in Iraq.
He emphasized that a substantial share of Iran’s exports to Iraq consists of finished products, describing this as a major advantage in bilateral trade. He added that Iranian goods, with their competitive quality and moderate prices, are well aligned with the needs of Iraqi consumers.
Addressing the broader development of economic relations, Danaeifar said cooperation between Iran and Iraq extends beyond commercial exchanges. Regular visits and ongoing consultations between officials of the two countries reflect the depth and longstanding nature of their bilateral ties.
He further pointed to the potential of Iran’s provinces to expand trade with Iraq, noting that all Iranian provinces maintain commercial relations with the Iraqi market, which represents an important destination for many Iranian manufacturers and exporters.
Danaeifar stressed that Iran should make more targeted and effective use of its provincial capacities to further strengthen and expand trade with Iraq.
