Iraq achieved a vital exchange overflow of $20.42 billion in 2023.
Iraq’s commodities coming to roughly $115.95 billion and imports totaling $95.53 billion per per “Statista,” which has actual knowledge in worldwide market and purchasing information.
China, at 26% of Iraq’s goods, followed by India at 24%, South Korea at 9%, and the US at 8%, Statista also observed that Iraq’s basic commodity partners were China.
Regarding imports, China once more led followed Turkiye at 21% and the Assembled Bedouin Emirates at 19%. China was also the primary ally.
Iraq’s economy is mostly dependent on its regular assets, particularly oil, which makes up most of its exports.
Iraq, one of the largest oil producers worldwide, has raw petroleum that is not processed.
