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Shafaq News/ The value of importing vehicles from South Korea amounted to more than half of Iraq's total imports during the year 2021, according to the trademap website, which provides a trade map for exports, imports, international demand, and alternative and competitive markets.
The website stated in a statistic on its website, seen by Shafak News Agency, that "Iraq imported 24 items of goods from South Korea during the past year, with a value of $986.404 million," noting that "the growth rate of imports from South Korea decreased by 14% between 2017 to 2021".
He added that "vehicles came first in Iraq's imports from South Korea, with a value of 510.800 million dollars, followed by machines and mechanical devices with a financial value of 143.692 million dollars, followed by electrical appliances and their parts with a value of 98.341 million dollars."
The website indicated that "Iraq's exports to South Korea amounted to more than 5,323.531 billion dollars in 2021 due to the export of crude oil."
And it indicated that "Iraq exported mineral fuels and mineral oils to South Korea with a financial value of $5,320,620 billion, followed by aluminum and its products, with a financial value of $2.658 million."
Iraq is one of the main countries for exporting crude oil to South Korea. On the other hand, Korean cars are considered among the most popular cars in the Iraqi market.
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"Vehicles and Machinery" are the most important Iraqi imports from South Korea
Shafaq News/ The value of importing vehicles from South Korea amounted to more than half of Iraq's total imports during the year 2021, according to the trademap website, which provides a trade map for exports, imports, international demand, and alternative and competitive markets.
The website stated in a statistic on its website, seen by Shafak News Agency, that "Iraq imported 24 items of goods from South Korea during the past year, with a value of $986.404 million," noting that "the growth rate of imports from South Korea decreased by 14% between 2017 to 2021".
He added that "vehicles came first in Iraq's imports from South Korea, with a value of 510.800 million dollars, followed by machines and mechanical devices with a financial value of 143.692 million dollars, followed by electrical appliances and their parts with a value of 98.341 million dollars."
The website indicated that "Iraq's exports to South Korea amounted to more than 5,323.531 billion dollars in 2021 due to the export of crude oil."
And it indicated that "Iraq exported mineral fuels and mineral oils to South Korea with a financial value of $5,320,620 billion, followed by aluminum and its products, with a financial value of $2.658 million."
Iraq is one of the main countries for exporting crude oil to South Korea. On the other hand, Korean cars are considered among the most popular cars in the Iraqi market.
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