About exports to Iraq which countries are the most important destinations for Iraqi exports?Which countries are the most imports to Iraq?In the discussion of exports to Iraq, Iranian businessmen and traders must know more about their competitors in the Iraqi market
Iraq is a member of the World Trade Organization (WTO) and is party to several regional and bilateral trade agreements. It is part of the Greater Arab Free Trade Area (GAFTA), which aims to promote trade and economic cooperation among Arab countries. Iraq also has bilateral agreements with neighboring countries, including Iran, Jordan, Syria, and Turkey, to facilitate trade and investment. Turkey is a significant trading partner for Iraq, supplying a variety of goods and products. China is a major source of imports for Iraq, providing machinery, electronics, and consumer goods. Iraq shares a long border with Iran, and the two countries have extensive trade ties, including the exchange of goods, agricultural products, and energy resources. The United States exports a range of goods to Iraq, including machinery, vehicles, and consumer products. India supplies various commodities and goods to Iraq, including pharmaceuticals, textiles, and agricultural products.
China is the largest importer of Iraqi oil and a significant trading partner for the country. India is also a major importer of Iraqi oil, and the two countries have been strengthening their trade ties. The United States imports Iraqi oil and exports goods to Iraq, primarily in the defense and infrastructure sectors. South Korea imports Iraqi oil and has invested in infrastructure projects in Iraq. Iraq and Turkey have a significant trade relationship, with Turkey being an important importer of Iraqi oil and a supplier of various goods to Iraq.
To export to Iraq, you need to be well acquainted with the amount and manner of its trade with different countries of the world. Among the various countries in the world that trade with Iraq, the names of some countries such as China, India, and Turkey are more common. The important point in this regard is related to Iraq's trade with Iran, about which there is fewer data in global statistics. The reason for this can be seen in the informal trade between the two countries, as well as some issues related to sanctions. However, Iran and Iraq are certainly two very important trading partners.
Iraq's most important export is oil. Countries such as China and India have the highest oil purchases from this country. Official data from international organizations show that in 2018, the highest number of Iraqi exports to China (26.25%), India (36.24%), South Korea (8.8%), USA (7.98%), Italy (5.89%), Singapore (4.35%) and some other countries. In the discussion of exports to Iraq, Iranian businessmen and traders must know more about their competitors in the Iraqi market. Currently, according to global data, Iraq has the highest imports from various countries, including China (28.64%), Turkey (24.27%), India (6%), South Korea (5.88%), and the United States (4 percent), Germany (3 percent), Saudi Arabia, Brazil, and Italy (2 percent).
Iraq is one of the world's largest exporters of crude oil. Oil exports account for a significant portion of Iraq's total export earnings. The country produces and exports different grades of crude oil, including Basra Light and Basra Heavy. Petroleum products, such as gasoline and diesel, are also exported. Iraq has substantial natural gas reserves and exports natural gas primarily through pipelines to neighboring countries, including Iran and Kuwait. Besides energy resources, Iraq exports various commodities, including agricultural products such as dates, grains, and vegetables. Other exports include chemicals, minerals, and some manufactured goods.