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Economic Institution: $27.5 billion is the volume of trade exchange between Iraq and China during the first half of this year
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[rtl]Baghdad / NINA / An economic institution announced: "The volume of trade exchange between Iraq and China during the first half of this year amounted to 27.5 billion dollars."
The head of the Iraq Future Economic Foundation, Munar Al-Obaidi, said in a statement: "Chinese exports to Iraq grew in the first half of this year by 16.17% compared to the first half of 2023, and by 12.17% compared to the second half of 2023."
He added: "The total value of Chinese exports to Iraq amounted to 8.15 billion dollars in the first half of this year, compared to 7 billion dollars in the first half of 2023 and 7.3 billion dollars in the second half of 2023."
Al-Obaidi continued: "Chinese exports to Iraq are expected to exceed 16 billion US dollars in 2024, which is the highest historical value."
He explained that "China's exports of electrical appliances, which mainly include air conditioners, amounted to 23% of China's total exports, followed by exports of electronic devices such as mobile phones, televisions and the like at 13%, and Chinese cars ranked third at 6% of the total value of Chinese exports to Iraq."
He indicated that "China's exports of iron-based materials declined, and China's exports of car fuel declined by 95%, in addition to a decline in exports of clothing accessories."
He pointed out that "in contrast, China's exports of fruit-based products increased by 62%, ranking 14th among the most exported goods to Iraq."
He stressed that "the volume of trade exchange between Iraq and China amounted to $27.5 billion in the first half of this year, up by 14.38% compared to the first half of 2023 and 7.24% compared to the second half of 2023, and it is expected that trade exchange with China will reach more than $55 billion at the end of this year to be Iraq's largest trading partner." / End9[/rtl]
The head of the Iraq Future Economic Foundation, Munar Al-Obaidi, said in a statement: "Chinese exports to Iraq grew in the first half of this year by 16.17% compared to the first half of 2023, and by 12.17% compared to the second half of 2023."
He added: "The total value of Chinese exports to Iraq amounted to 8.15 billion dollars in the first half of this year, compared to 7 billion dollars in the first half of 2023 and 7.3 billion dollars in the second half of 2023."
Al-Obaidi continued: "Chinese exports to Iraq are expected to exceed 16 billion US dollars in 2024, which is the highest historical value."
He explained that "China's exports of electrical appliances, which mainly include air conditioners, amounted to 23% of China's total exports, followed by exports of electronic devices such as mobile phones, televisions and the like at 13%, and Chinese cars ranked third at 6% of the total value of Chinese exports to Iraq."
He indicated that "China's exports of iron-based materials declined, and China's exports of car fuel declined by 95%, in addition to a decline in exports of clothing accessories."
He pointed out that "in contrast, China's exports of fruit-based products increased by 62%, ranking 14th among the most exported goods to Iraq."
He stressed that "the volume of trade exchange between Iraq and China amounted to $27.5 billion in the first half of this year, up by 14.38% compared to the first half of 2023 and 7.24% compared to the second half of 2023, and it is expected that trade exchange with China will reach more than $55 billion at the end of this year to be Iraq's largest trading partner." / End9[/rtl]
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