Despite traditional reliance on oil, Iraq"s chemicals market shows unexpected resilience. Recent trade data indicates a surge in demand for ammonia and fertilizers, driven by agricultural expansion. This trend presents a significant opportunity for local producers to diversify beyond oil and gas, which still comprise over 37% of GDP. A notable gap exists in chlorine and phosphoric acid production, where imports dominate due to limited local capability. The chemicals sector"s growth is juxtaposed with Iraq"s economic challenges, such as fluctuating oil rents which fell from nearly 47% of GDP in 2014 to approximately 37% recently. This decline underscores the need for economic diversification, making the chemicals market a strategic focus. Furthermore, Iraq"s freshwater stress, with withdrawals nearing 99% of internal resources, impacts industrial processes, suggesting room for investment in water-efficient technologies in chemical production. Globally, Iraq"s chemicals industry lags behind regional competitors in adopting sustainable practices.

With no electricity from renewable sources, there"s potential for investment in green energy solutions, reducing the carbon footprint of nitrogen and sulfuric acid production. Aligning with global standards could enhance Iraq"s competitive edge as international buyers increasingly prioritize sustainable sourcing. Aritral. com offers a streamlined platform for navigating these market dynamics. As an AI-driven B2B platform, Aritral simplifies international trade in commodities and raw materials. Through services like Product Listing and AI-Powered Marketing, businesses can efficiently reach global buyers, enhancing visibility in the chemicals sector. Direct Communication features facilitate seamless interactions with potential partners, crucial for capturing opportunities in the evolving Iraqi market. By leveraging Aritral"s Global Sales Assistance, businesses can strategically position themselves in this promising yet challenging landscape.