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India’s exports to Iraq have seen a significant increase of 24% in fiscal year 2024, totaling $3.4 billion. This growth is largely fueled by a notable rise in the exports of rice, meat, and iron. Specifically, rice exports surged by 131% reaching $910 million, while meat exports grew by 41.5% to $329 million. Iron exports also saw a substantial increase, more than doubling with a growth rate of 153%.
This increase in exports is part of a broader trend where India continues to solidify its trade relationships with Iraq, despite the complexities of global trade dynamics. India remains a crucial exporter to Iraq, ranked fifth after the United Arab Emirates, China, Turkey, and Iran. Interestingly, if re-exports from the UAE were considered, India’s export figures to Iraq could be even higher, as a significant portion of goods re-exported from the UAE are originally from India.
For more detailed insights, you can read further on Shafaq News.
