2026-08-29T12:45:07+00:00
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Shafaq News- London
Iraq imported about $111
million in British goods in the second quarter of 2026, up 3.7% from roughly
$107 million in the previous quarter, data from HM Revenue and Customs (HMRC)
showed on Saturday.
Vehicles and automotive
components led purchases at about $33 million, followed by pharmaceuticals at
$20 million and machinery and mechanical equipment at $12 million.
Electrical equipment accounted
for around $6.9 million, while essential oils, perfumes, cosmetics, and
personal care products reached $6.2 million. Other goods included optical and
medical instruments, fuels, beverages, chemicals, paints, and inks.
Bilateral trade remains
heavily tilted toward UK exports. UN Comtrade figures released in April 2026
put Iraqi exports to the British market at only about $4 million in 2025. Unlike
Iraq’s exports to many other markets, which are dominated by crude oil, sales
to Britain consisted largely of food products.
An Iraqi Ministry of Finance
report published in 2025 valued overall trade between the two countries at
$1.108 billion in 2024, up from $1.072 billion a year earlier.