Iraq to become Iran's largest trading partner in 2009

Friday, June 05, 2009


Iran had a total of $100+ billion in exports in 2007, but these numbers below are about exports besides oil. Including oil, Iran's largest export partners are China, Japan and Turkey.

The trade undersecretary in Iraq for Iran, Medni Nejatniya, said that exports this year to Iraq excluding oil should reach over $3 billion this year, an increase from $2.3 billion in 2008, turning Iraq into Iran's largest trading partner. Nejatniya said that Iraq imported a total of $40 billion from other nations, and that in the coming few years export capacity to Iraq would reach $10 billion.


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