Food and agricultural products worth approximately €680 million were imported from the European Union in 2020. Imports from the EU have doubled since 2014. (European Commission - Directorate General for Agriculture and Rural Development, 2021)
With an average income of about US$ 570, Iraq is an upper-middle class economy according to the World Bank. About 43% of monthly income is spent on food.
EU imports are particularly high for infant and baby food, eggs, honey, cheese, pasta and pet food.
Market studies predict that demand for other product groups will continue to grow, creating business opportunities in the following products:
- Sweets, biscuits, snacks
- Dairy products such as cheese, cream, milk powder, ...
- Poultry and beef
- Products for food production, processing and preservation