The South Korean embassy in Iraq revealed that trade exchange between Iraq and South Korea has reached 9 billion dollars annually, noting that Iraq imports cars and electronics for more than a billion dollars, and Korea buys Iraqi oil for about 8 billion dollars.
Korea’s ambassador to Baghdad, Song Soo-joi, said, “Iraq is an important market for Korean exports, most notably cars and electronics, which amounted to one billion and 196 million dollars, as consumers prefer Korean products for their high quality and moderate prices.”
As for the volume of imports from Iraq, it amounted to “7 billion and 900 million dollars and includes crude oil and its products, and while the volume of exchange may vary over time, there has been and still is a presence of Korea in the Iraqi economic scene over the years due to the friendly relations and mutual understanding between the two countries,” according to It was reported by the government newspaper Al-Sabah.
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