Turkey Iraq trade continues to grow steadily, driven by strong investment and increased commercial activity. Turkish companies have already invested $35 billion in Iraq, which has pushed trade volume to more than $15 billion.
During a press conference in Erbil, Turkey’s Consul General highlighted the key role Turkish businesses play across Iraq. Furthermore, he emphasized their expanding footprint in the Kurdistan Region. According to him, the growth in economic cooperation brings pride and confidence to both sides.
Currently, the Kurdistan Region contributes about 25% of total Turkey Iraq trade. Officials at the Erbil Chamber of Commerce confirmed this figure and expect further growth soon. In addition, both sides plan to increase trade in energy, agriculture, construction, and healthcare.
Moreover, Turkish exports have remained consistent, despite global economic pressures. The Consul General called this reliability a significant achievement. He noted that Turkish firms remain active not only in Kurdistan but across all of Iraq.
Looking ahead, Turkey plans to double Turkey Iraq trade to $30 billion by next year. Ankara intends to achieve this by focusing on key sectors such as infrastructure, energy, and food production.
One major initiative driving this vision is the Development Road project. This project aims to connect Iraq’s southern ports with Turkey’s road and rail network. Eventually, it will link Iraq directly to Europe, strengthening trade routes across the region.
Because of this, both governments see the project as a game-changer. Turkish investors are already showing strong interest in transport, logistics, and energy projects along this corridor. Additionally, the collaboration creates new job opportunities and supports regional development.
Not only does Turkey Iraq trade boost the economy, but it also strengthens regional ties. Business leaders from both countries continue to hold talks to expand cooperation. This collaboration promises long-term benefits for both nations.
As a result, both Iraq and Turkey stand to gain from mutual investments and growing trade. With infrastructure improving and policies supporting economic ties, this partnership will likely thrive in the coming years.