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In numbers... Trade exchange between Iraq and China
- Time: 05/30/2023 10:36:32
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{Economic: Al Furat News} Trade exchange between a group of Arab countries and Middle Eastern countries with China increased in the first quarter of 2023 by 5% compared to the first quarter of 2022, bringing the total trade exchange with these countries to a value of $113 billion.
Saudi Arabia ranked first in trade exchange with China, with a value of $27 billion and an annual growth rate of 10%, followed by the United Arab Emirates, with a value of $23 billion and an annual growth rate of 13%. Iraq ranked third in trade exchange with China, with a value of $12.4 billion and a growth rate
. amounted to 5.4%.
The value of Iraq's total exports to China in the first quarter amounted to 9 billion dollars, with oil products accounting for 100% of the value of exports.
As for the value of Iraq's imports from China, it was $3.4 billion, with an annual growth rate of 23.44% compared to the first quarter of 2022.
It is expected that the volume of trade exchange between Iraq and China at the end of this year will reach more than $50 billion.
Saudi Arabia topped the countries that exported the most non-oil materials to China, with an export value of $2.5 billion, followed by the UAE, with a value of non-oil exports amounting to $1.26 billion, then Turkey, with an export value of $1.13 billion.
Iraq did not have any contribution to non-oil exports to China.
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{Economic: Al Furat News} Trade exchange between a group of Arab countries and Middle Eastern countries with China increased in the first quarter of 2023 by 5% compared to the first quarter of 2022, bringing the total trade exchange with these countries to a value of $113 billion.
Saudi Arabia ranked first in trade exchange with China, with a value of $27 billion and an annual growth rate of 10%, followed by the United Arab Emirates, with a value of $23 billion and an annual growth rate of 13%. Iraq ranked third in trade exchange with China, with a value of $12.4 billion and a growth rate
. amounted to 5.4%.
The value of Iraq's total exports to China in the first quarter amounted to 9 billion dollars, with oil products accounting for 100% of the value of exports.
As for the value of Iraq's imports from China, it was $3.4 billion, with an annual growth rate of 23.44% compared to the first quarter of 2022.
It is expected that the volume of trade exchange between Iraq and China at the end of this year will reach more than $50 billion.
Saudi Arabia topped the countries that exported the most non-oil materials to China, with an export value of $2.5 billion, followed by the UAE, with a value of non-oil exports amounting to $1.26 billion, then Turkey, with an export value of $1.13 billion.
Iraq did not have any contribution to non-oil exports to China.
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