Crude oil, Precious metals, Fruits, Nuts, Copper
BUSINESS OPPORTUNITIES IN IRAQ
Iraq exports increased from $57,559 million in the year 2017 to $87,260 million in the year 2018. On the other hand, the imports of Iraq also saw an increase from $38,766 million in 2017 to $45,736 in the year 2018.
Iraq is the 7th largest producer and exporter of oil in the entire world. Most of the export earnings of the country come from oil exports alone. The country’s main export partners are the USA which accounts for more than 25% of total exports, followed by India, China and South Korea.
Machinery and transport equipment are the main imports from Iraq which forms 38% of the total imports of the country, followed by manufactured articles, mineral fuels and chemicals and related products. The top import partners of Iraq are Syria, China and the USA.