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Iraqi Border Closure Irks Iranian Non-Oil Exporters
Iran’s mineral and mining industries’ exports to Iraq hit 21.98 million tons worth $2.59 billion in the first four months of the current fiscal year (March 21-July 22), according to a new report by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
In terms of value, steel manufacturing chain products (iron ore, semi-finished and finished steel) topped the list of exports to the neighboring country during the period as they accounted for 63% of total shipments in value with 2.49 million tons worth $1.65 billion.
Cement with 11.59 million tons worth $227.4 million, aluminum with 35,712 tons worth $93.22 million and stones and related products with 547,192 tons worth $75.07 million were other mineral exports from Iran to Iraq during the period.
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