Iraq’s Largest Trading Partner: China Reaches $55B Trade

The Chinese Embassy in Iraq has announced that trade exchange between the two nations has exceeded $55 billion annually, highlighting the strength of their economic relations and deepening strategic partnership.

China remains Iraq’s largest trading partner, with Iraqi oil exports playing a central role in bilateral trade. In return, China supplies Iraq with a wide array of products, including technological equipment, machinery, and consumer goods, reinforcing its position as a key economic partner.

Beyond trade, the two countries collaborate extensively in infrastructure and energy, particularly through projects under the Belt and Road Initiative (BRI). Chinese investments in Iraq’s transportation, housing, and industrial sectors have significantly contributed to the country’s economic development and reconstruction efforts.

A spokesperson for the Chinese Embassy emphasised that both nations are committed to expanding cooperation, aiming to further increase investments and trade exchange to support their shared economic interests. This growing partnership underscores China’s pivotal role in Iraq’s economic transformation and long-term development plans

Source: Embassy of China in Iraq