1. Bilateral trade

In 2022, the bilateral trade volume between China and Iraq was $53.37 billion, a year-on-year increase of 43.1%. Among them, China’s exports were $13.99 billion, a year-on-year increase of 31.3%, and China’s imports were $39.38 billion, a year-on-year increase of 47.8%. From January to June 2023, the bilateral trade volume was $24.17 billion, a year-on-year decrease of 2.6%. Among them, China’s exports were $7.12 billion, a year-on-year increase of 15.9%, and China’s imports were $17.05 billion, a year-on-year decrease of 8.7%.

2. Investment in Iraq

As of the end of 2022, the direct investment stock of Chinese companies in Iraq was $2.51 billion.