Economy Update
The Turkish Statistics Authority announced on Monday that Turkish exports to Iraq reached a total value of over $13 billion for the year 2024.
According to the authority’s report, the value of exports amounted to $13,034,364, up 4.38% from the previous year’s total of $12,759,358, although this figure represents a decline of 5.49% compared to 2022, when exports to Iraq were valued at $13,750,276.
This positions Iraq as the fourth-largest recipient of Turkish exports globally, accounting for 5% of Turkey’s total export volume.
The data further indicates that Germany ranks first in terms of Turkish exports, valued at $20,434 million, followed by the United States with $15,348 million and the United Kingdom at $15,289 million.
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