During the year, China’s exports to Iraq exceeded $17 billion, an increase of 57%.
The Iraq Future Foundation for Economic Studies and Consultations announced on Friday that China’s exports to Iraq exceeded $17 billion last year, warning of a financial deficit in the next few years due to rising imports for the country.
The head of the organization, economic expert Manar Al-Obaidi, explained in a report published today that direct Chinese exports to Iraq reached more than $17 billion in 2025, an increase of 57% compared to 2020, when they were only $10 billion, according to official data issued by the Chinese Customs Authority.
He added that, in contrast, Iraqi oil exports have decreased to $34 billion. Although Iraq still achieves a trade surplus with China, the rise in imports compared to the decline in the value of exports indicates that the trade balance may turn into a deficit by 2029 unless exports are increased and diversified, and an attempt is made to localize the manufacturing of some goods that could keep the trade balance in Iraq’s favor.
Shafaq.com