Iran has been dominating the market in Iraq as the Baghdad moves forward to rebuild the Arab country. Commodities and energy top Iraqi annual imports.
A latest report by Iran’s Customs Administration shows how a drop in imports helped increase the country’s trade surplus in a 9-month period (April-December).
The province is located on the southern shores of the Caspean Sea and shares border with Turkmenistan, one of the main markets for the Iranian goods.
Iraq and Afghanistan are the top destinations of Iranian food products as Tehran seeks to bolster its regional economic ties. Germany is Iran’s only European market.