IRNA � The value of Iran exported goods to Azerbaijan Republic reached 301 million dollars during the eight months of the current Iranian calendar year (started on March 21) experiencing 50 percent growth compared with the same period last year.

According to Iran Trade Promotion Organization, Iran exports to Azerbaijan constitutes one percent of the country's total exports.

Most of exported Iranian products find their way to Iraq meaning that the neighboring nation ranks first among target markets for the Iranian goods.

Azerbaijan, on the other hand, ranks 12th on the list.

Based on the report, Iraq with 21.5, China with 20.5 and the United Arab Emirates (UAE) with 16.2 percents rank first to third respectively on the list of Iran's target markets.