Iraq–China trade volume reaches $54B
Beijing emerges as Baghdad’s largest oil market amid deepening strategic ties
BAGHDAD, Iraq (MNTV) — Iraq’s trade exchange with China has reached approximately $54 billion, underscoring the growing economic and strategic partnership between the two countries, Iraqi Foreign Minister Fuad Hussein said.
The discussions took place during a meeting in Baghdad between Iraqi and Chinese officials, including Jin Xin, Assistant Minister of the International Department of the Communist Party of China’s (CPC) Central Committee.
China is regarded as one of Iraq’s most important economic partners and has emerged as the largest destination for Iraqi oil exports, highlighting the central role of energy in bilateral ties.
Iraqi–Chinese relations are based on shared economic interests and continue to expand in both scale and scope, particularly in the areas of trade, investment, and development cooperation, according to official information released by Iraq’s Ministry of Foreign Affairs.
Chinese diplomatic officials have repeatedly pointed to China’s long-standing economic engagement in Iraq.
Chinese companies have been active in Iraq’s energy sector for many years, particularly since 2003, and have played a significant role in the rehabilitation of the country’s oil industry as well as in facilitating crude oil exports to international markets.
Bilateral relations have experienced notable progress over the past decade, especially following the signing of a strategic partnership agreement, which broadened cooperation beyond the energy sector. Since then, Chinese involvement has expanded into large-scale infrastructure and development projects across Iraq.
Chinese firms are currently engaged in major construction efforts, including the development of bridges, roads, and public facilities.
Among the most visible contributions has been the construction of more than 600 schools across several Iraqi provinces as part of wider reconstruction initiatives.
China’s investments in Iraq continue to grow, with increasing focus on energy, transportation, and public works. Iraqi officials view these investments as essential to post-conflict recovery efforts and as a means of diversifying Iraq’s economic partnerships.
The rising trade figures reflect China’s expanding economic footprint in Iraq and Baghdad’s broader push to deepen ties with key global partners in pursuit of long-term stability and development.
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