Iraq-Kuwait trade, 51m dinars, ranks fifth in imports and highlights growing regional ties. Moreover, new data shows steady expansion in non-oil trade between the two countries. The Kuwait Central Statistical Bureau released the latest figures.
Furthermore, Iraq’s trade of 51m dinars ranks fifth in imports during the last quarter. Iraq imported about 51.37 million Kuwaiti dinars worth of goods. This equals nearly 166.8 million U.S. dollars. Therefore, Iraq secured the fifth position among Kuwait’s export destinations.
In addition, Iraq’s trade of 51m dinars ranks fifth in imports within a competitive market. Kuwait exported non-oil goods to 23 countries. These exports included about 98 product types across 21 categories. As a result, Iraq competed with major economies in the region and beyond.
Trade growth between the two countries has accelerated sharply. In fact, bilateral trade increased by nearly 116 percent compared to the previous year. This rise marks one of the fastest growth rates between neighboring economies. Consequently, economic ties continue to strengthen.
Moreover, the Safwan Abdali border crossing plays a central role in this expansion. It serves as the main commercial gateway between the two countries. Therefore, trade flows through this route reflect the overall health of economic relations.
On the export side, mineral products dominate Kuwait’s non-oil trade. These products reached about 4.52 billion dinars. They include fuel, mineral oils, and refined products. Meanwhile, the chemical industries ranked second with 194.8 million dinars. These sectors drive most export activity.
Additionally, several countries lead import rankings. The United Arab Emirates holds the top position with 184 million dinars in imports, followed by Saudi Arabia, India, and China. Iraq comes next, maintaining a strong position among key partners.
This ranking reflects Iraq’s growing demand for diversified goods. It also shows Kuwait’s expanding role in regional trade networks. Therefore, both countries benefit from stronger economic cooperation.
In conclusion, Iraq’s trade of 51m dinars ranks fifth in imports and signals rising commercial activity. Continued growth may further strengthen economic ties and regional integration.