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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    In numbers... revealing the size and type of Iranian exports to Iraq

    Rocky
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    • Post n°1

    In numbers... revealing the size and type of Iranian exports to Iraq Empty In numbers... revealing the size and type of Iranian exports to Iraq

    Post by Rocky Sun 31 Dec 2023, 9:08 am

    In numbers... revealing the size and type of Iranian exports to Iraq
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    Baghdad today - Baghdad
    Today, Sunday (December 31, 2023), the Future Iraq Foundation for Economic Studies and Consultations revealed the volume of Iranian exports to Iraq and what goods were exported.
    The head of the institution, Manar Al-Obaidi, said in an interview with “Baghdad Today” that “various parties associated with and interested in commercial transactions circulated questions about the volume of Iranian exports to Iraq and what goods were exported to Iraq. According to data from the Iranian side, the volume of Iranian exports to Iraq is about 11 billion.” $5-6 billion represents Iran's exports of gas and electricity to Iraq.
    Al-Obaidi stated that as for all other goods, the volume of their exports to Iraq does not exceed the barrier of 6 billion dollars annually. Raw iron, steel, and materials manufactured from iron occupied the highest value of Iran’s exports to Iraq, representing 23% of the total exports, such as fuel and petroleum derivatives. It represents 13% of total exports.
    He added, "Plastic materials represented 12% of the total Iranian exports to Iraq, and fruits and vegetables represented 10% of the total Iranian exports to Iraq, in addition to construction materials and ceramics, which represented 6.4%."
    He continued, "The price difference between transfers through the platform and transfers in the parallel market will lead to searching for other sources and other origins for these materials, specifically basic materials such as iron, plastic materials, and construction materials. It is expected that these materials will witness a significant decline during the coming year in the event that solutions to the process are not found." Commercial dealings with Iran.
    Al-Obaidi concluded by saying, “The volume of re-exports of goods from Iraq to Iran is of unknown value as a result of most of these goods being re-exported through unofficial outlets or through smuggling operations, and there are no data documenting the volume of goods re-exported from Iraq to Iran, but it is expected based on import data.” Iraq and the consumption pattern of the Iraqi citizen. The volume of goods re-exported from Iraq to Iran amounts to approximately 10 billion US dollars, which includes many goods such as electrical and electronic appliances, tires and other materials that Iraq imports and is re-exported to Iran. Therefore, controlling the border crossings between the two countries is sufficient to know the volume of exchange. This will contribute to providing radical solutions to the problem of commercial transactions and the use of the commodity exchange system or the establishment of free zones for trade exchange between the two countries. However, with the loss of control over the ports and the lack of knowledge of the real data, it is not possible to find any radical solution to the problem between the two countries.”
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