From January to October 2021, the bilateral import and export volume of goods between China and Irak was US$30,247.28 million, an increase of US$4,868.3937 million compared with the same period in 2020, a year-on-year increase of 19%.
From January to October 2021, the total value of China’s exports to Iraq was US$8,552,296,800, a decrease of US$105,437,200 compared with the same period in 2020, or a year-on-year decrease of 1.1%; the total value of China’s imports from Iraq was US$21,694,981,900, compared with 2020. During the same period, it increased by $4,973,829,900, a year-on-year increase of 29.4%.
Iraq has good economic and trade relations with China. In recent years, Iraq has been working hard to restore its economy since the Iraq War. In the process of social reconstruction, Dongqi Crane provided Iraqi customers with project cooperation on cranes. In the past 2021, Dongqi Crane has reached 5 crane cooperation projects with Iraqi customers. We believe that the Iraqi economy will continue to develop well, and we hope to participate more in Iraq's economic reconstruction in the future. This article will analyze the development direction of the Iraqi crane market in 2022 by exploring the import and export market data of Iraqi overhead cranes
Before we start discussing the aerial crane market in Iraq, we have a few small questions that need to be answered first. Let’s take a look
In 2020, the Iraqi bridge crane market fell -X% to $X for the first time since 2016, ending a three-year upward trend. During the period under review, however, there was a significant increase in consumption. The most significant growth rate occurred in 2015, with an X% year-over-year increase. As a result, consumption reaches a peak level of X dollars. From 2016 to 2020, market growth failed to regain momentum.
In 2020, the total export volume of Iraqi bridge cranes was X units, which was the same as the previous year. Overall, exports showed a relatively flat trend pattern.
Overhead crane exports in 2020 were worth X dollars in value. Exports continued to show a sharp downward trend during the period under review. As a result, exports peaked at X dollars. From 2009 to 2020, the growth rate of exports remained at a low level.
In 2020, foreign supply of fixed-support overhead cranes fell -X% to X units for the first time since 2016, ending a three-year upward trend. Overall, however, imports saw strong growth. The most significant growth rate occurred in 2010, with an X% year-on-year increase. Imports peaked at X units in 2015; however, from 2016 to 2020, imports have remained low.
Imports of overhead cranes rose to $X in 2020 by value. However, during the period under review, import volumes increased significantly. The fastest growth was in 2015, with imports increasing by X% year-on-year. As a result, imports peaked at X dollars. Import growth remained low between 2016 and 2020.
Turkey (X units), the UK (X units) and China (X units) are the main suppliers of Iraqi bridge crane imports, together accounting for X% of total imports.
The biggest increase from 2007 to 2020 was in the UK, while other leaders saw more modest increases in purchases.
By value, Iraq's largest suppliers of overhead cranes are China ($X), Turkey ($X) and the United Kingdom ($X), accounting for X% of total imports.
In terms of major suppliers, the UK recorded the highest growth in import value during the period under review, while other leaders saw more modest growth in purchases.
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