Iraq's major exports revolve around its abundant natural resources, with crude oil being the primary export contributing significantly to the country's revenue. The country's geographic location and resource-rich environment provide opportunities for various industries, including petroleum, agriculture, and manufacturing. China, the United States, India, and neighboring Middle Eastern countries emerge as key trading partners for Iraq's major exports. Strengthening trade relations with these partners and exploring new markets can further enhance Iraq's export potential.
Crude Oil
Crude oil is the primary export of Iraq and holds immense significance for the country's economy. Iraq possesses vast oil reserves, making it one of the largest oil producers globally. The main trading partners for Iraqi crude oil include China, the United States, India, and South Korea. The export value for this sector exceeds $60 billion, accounting for a significant portion of Iraq's total export revenue.
Refined Petroleum Products
Iraq also exports a substantial volume of refined petroleum products, including gasoline, diesel fuel, and kerosene. These products undergo refining processes in domestic refineries before being exported. The primary trading partners for Iraqi refined petroleum products are neighboring countries in the Middle East, such as Jordan, Syria, and Saudi Arabia. The export value for this sector reaches approximately $4 billion.
Gold
Iraq has emerged as a significant exporter of gold in recent years. The country's gold exports primarily include unprocessed gold and gold jewelry. The main trading partners for Iraqi gold are the United Arab Emirates, Turkey, Iran, and Kuwait. The export value for this sector is estimated at around $3 billion.
Dates
Iraq is renowned for its high-quality dates, which are exported to various countries. Dates contribute significantly to Iraq's agricultural exports. The primary trading partners for Iraqi dates include the United States, India, Saudi Arabia, and the United Arab Emirates. The export value for this sector exceeds $2 billion.
Fertilizers
Iraq exports fertilizers, including urea and ammonia, which are produced in domestic fertilizer plants. These products are vital for agricultural activities worldwide. Major trading partners for Iraqi fertilizers include Brazil, India, Turkey, and Pakistan. The export value for this sector reaches approximately $2 billion.
Cement
Iraq's cement industry has witnessed substantial growth in recent years, leading to increased cement exports. Iraqi cement is known for its high-quality and competitive pricing. The main trading partners for Iraqi cement are Kuwait, the United Arab Emirates, Qatar, and Saudi Arabia. The export value for this sector is estimated at around $1.5 billion.
Pharmaceuticals
Iraq exports pharmaceutical products, including medications, vaccines, and medical supplies. These products are vital for meeting the healthcare needs of various countries. Major trading partners for Iraqi pharmaceuticals include Saudi Arabia, Turkey, Iran, and Jordan. The export value for this sector exceeds $1 billion.
Plastics and Plastic Products
Iraq's plastic industry has experienced significant growth, leading to increased exports of plastic products. These include plastic pipes, packaging materials, and household items. The primary trading partners for Iraqi plastics and plastic products are Saudi Arabia, Iran, Turkey, and Jordan. The export value for this sector reaches approximately $1 billion.
Leather Products
Iraq exports a range of leather products, including footwear, bags, and garments. Iraqi leather products are known for their craftsmanship and quality. Major trading partners for Iraqi leather products include Turkey, Saudi Arabia, Iran, and the United Arab Emirates. The export value for this sector is estimated at around $500 million.
Vegetables and Fruits
Iraq exports various fresh vegetables and fruits, including tomatoes, cucumbers, oranges, and pomegranates. These agricultural products are exported to neighboring countries in the region such as Saudi Arabia, Kuwait, Iran, and Turkey. The export value for this sector exceeds $400 million.
Related Information
