Korea: We sell cars to Iraq for a billion dollars and buy its oil for about 8 billion annually

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Korea: We sell cars to Iraq for a billion dollars and buy its oil for about 8 billion annually

The South Korean consulate in Iraq uncovered that exchange trade among Iraq and South Korea has arrived at 9 billion bucks every year, noticing that Iraq imports vehicles and hardware for in excess of a billion bucks, and Korea purchases Iraqi oil for around 8 billion bucks.

Korea’s minister to Baghdad, Melody Soo-joi, said, “Iraq is a significant market for Korean commodities, most strikingly vehicles and gadgets, which added up to one billion and 196 million bucks, as customers favor Korean items for their excellent and moderate costs.”

With respect to the volume of imports from Iraq, it added up to “7 billion and 900 million bucks and incorporates raw petroleum and its items, and keeping in mind that the volume of trade might change after some time, there has been despite everything is a presence of Korea in the Iraqi financial scene over the course of the years because of the well disposed relations and shared grasping between the two nations,” as per It was accounted for by the public authority paper Al-Sabah.