Iraq trade rise continues as the country becomes the top destination for Iranian non-oil exports. This growing economic link highlights how Iraq trade rise plays a major role in regional commerce. The increase in trade shows how Iraq strengthens ties with neighboring markets.
Additionally, according to Iran’s Customs Authority, Iraq ranked first among countries importing Iranian non-oil goods. During the first four months of the current Iranian year, this trade reached high levels. From March to July, Iran exported goods worth $16.549 billion.
In total, Iran’s non-oil trade stood at 61.02 million tons, with a total value of $34.175 billion. Out of this, 48.81 million tons were exports, while 12.209 million tons were imports. These figures show the growing balance of trade within the region.
Aside from Iraq, the top buyers of Iranian non-oil exports included China, the United Arab Emirates, Turkiye, Afghanistan, Pakistan, and Oman. This regional trade focus shows how neighboring countries remain vital partners.
On the other side, most imports to Iran came from the UAE, China, Turkiye, India, Germany, Russia, and the Netherlands. These nations provided machinery, electronics, chemicals, and other industrial goods.
Therefore, Iraq trade rise reflects its strategic role in regional supply chains. The country’s location helps it serve as a gateway for Iranian goods entering the Arab world. At the same time, Iraq benefits from affordable imports that support domestic markets.
Additionally, trade between Iran and Iraq includes many non-oil products. These range from food, building materials, plastics, textiles, and chemicals. This variety strengthens trade and reduces reliance on oil exports.
Moreover, Iraq trade rise supports local jobs and businesses. The growing demand for Iranian goods leads to stronger transport links, new trade hubs, and more cross-border cooperation.
Iraq also gains influence as a key economic partner. By topping the list of export destinations, Iraq sends a strong message about its rising market strength. This performance could attract more deals and joint projects in the future.
In conclusion, Iraq trade rise plays a major part in shaping the region’s economy. The strong trade link with Iran boosts both nations and deepens regional ties. Iraq’s position as a leading trade partner may grow even stronger in the years ahead.