Armenia-Iraq trade turnover grows by 30% each year: official

Armenia-Iraq trade turnover grows by 30% each year: official

PanARMENIAN.Net - Trade turnover between Armenia and Iraq grows by 30% annually, Deputy Economy Minister Garegin Melkonyan said Friday, June 17.

“In 2015, trade turnover between the two countries amounted to $132 million, up from just $49 million in 2012,” Melkonyan said.

Armenian goods, particularly industrial products, exported to Iraq account for the greatest part of the turnover.

“We exported some $80 million and $126 million-worth products to Iraq in 2014 and 2015, respectively,” Melkonyan added.

“Armenia mainly ships cigars, cigarettes, alcoholic beverages, livestock, and processed food products among other things.”

Read also: Welcome to Iraq: Armenian cigarettes gaining popularity

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