Iraq is the fifth largest Gulf trading partner after exports to it grew by about 50%

Statistics issued by the Gulf Statistics Center showed that Iraq emerged as one of the most important trading partners of the Gulf Cooperation Council countries in 2024 after the value of Gulf exports to it jumped by 47.9%.

The report, which was reviewed by Shafaq News Agency, indicated that the value of Gulf exports to Iraq rose to $35.5 billion in 2024, compared to $24 billion in 2023, with Iraq replacing the United States of America in fifth place on the list of the most prominent trading partners of the Gulf Cooperation Council.

The Gulf Statistics Center explained that Gulf exports to Iraq included petroleum derivatives, plastics and plastic products, iron and metals, electrical and electronic machinery and equipment, in addition to food and building materials, reflecting the diversity of trade exchange and the broad base of economic cooperation between the two sides.

According to the data, China topped the list of Gulf trading partners, followed by India, Japan and South Korea, with Iraq in fifth place, accounting for 4.2% of total Gulf exports for 2024.

Shafaq.com