Iraq Exporter Guide
Iraq has the highest fertility rate in the Middle East and its population is set to double in only twenty five years, probably reaching more than fifty million by 2040. Only Saudi Arabia and Iran possess larger proven oil reserves and oil exports are expected to be the cornerstone to expanding Iraq‟s nearly $100 billion economy. Although the private sector is still relatively small, there is substantial demand for all types of consumer food products.
Iraq is highly dependent on food imports and, on average, about 70% of wheat and almost 90% of rice consumption is imported. Agriculture employs approximately 15% of the workforce and accounts for about 8% of GDP. Significant natural constraints on Iraqi agricultural production potential, strong population growth, and future increases in oil revenue make Iraq a potentially lucrative market for exporters of U.S. agricultural products.