Top Export Trading Partners of Iraq - Volza

Iraq's primary export trading partners in 2023 are China (25% of exports, $22.5 billion), India (20%, $18 billion), South Korea (15%, $13.5 billion), United States (12%, $10.8 billion), and Italy (8%, $7.2 billion).

Key exports to these countries include crude oil, petroleum products, and natural gas. Trade agreements such as bilateral trade agreements with China and India facilitate smoother trade flows by reducing tariffs and streamlining trade procedures.

Iraq's GDP growth rate stands at 4.4%, with an inflation rate of 5.6% in 2023, impacting its export dynamics and trade policies. Strategic incentives, government support for the oil sector, and logistical advantages, including its strategic location in the Middle East, promote a robust trade relationship. These factors make Iraq a crucial export market for these partners. The country's focus on energy exports significantly influences its export landscape.