An economic institution announced: ‘The volume of trade exchange between Iraq and China during the first half of this year reached 27.5 billion dollars.’
The Head of the Future Iraq Economic Foundation, Manar Al-Obaidi, said in a statement: ‘Chinese exports to Iraq grew in the first half of the current year by 16.17% compared to the first half of 2023, and by 12.17% compared to the second half of 2023.’
He added: “The total value of Chinese exports to Iraq amounted to 8.15 billion dollars in the first half of the current year, compared to 7 billion dollars in the first half of 2023 and 7.3 billion dollars in the second half of 2023.”
Al-Obaidi continued: ‘It is expected that Chinese exports to Iraq during the year 2024 will exceed the value of 16 billion US dollars, which is the highest historical value.’
He explained that “China’s exports of electrical appliances, which mainly include air conditioners, amounted to 23% of China’s total exports, followed by exports of electronic devices, represented by mob
ile phones, televisions and the like, at 13%, and Chinese cars occupied third place with 6% of the total value of Chinese exports to Iraq.
He stated that “China’s exports of iron-manufactured materials declined, and China’s exports of automobile fuel decreased by 95%, in addition to a decline in exports of clothing accessories.”
He pointed out, “On the other hand, China’s exports of fruit-based preparations increased by 62%, ranking 14th among the most exported goods to Iraq.”
He stressed, “The volume of trade exchange between Iraq and China in the first half of the current year amounted to 27.5 billion dollars, an increase of 14.38% compared to the first half of 2023 and 7.24% compared to the second half of 2023, and it is expected that trade exchange with China will reach in… By the end of the current year, it has reached more than 55 billion dollars, making it the largest trading partner of Iraq.
Source: National Iraqi News Agency