With more than $1 billion: Iraq fourth-largest destination for Turkish exports in August

Data from the Turkish Statistical Institute on Wednesday showed that Iraq ranked fourth among the top destinations for Turkish exports during August 2026, with a value of $1.079 billion.

According to data viewed by Al-Wasat Iraqi newspaper, Germany topped the list of countries importing from Turkey in August with $1.760 billion, followed by the United States with $1.731 billion, then the United Kingdom with $1.203 billion. Iraq was fourth with $1.079 billion, and Switzerland fifth with $1.073 billion.

The five leading countries accounted for 29.2% of Turkey's total exports in August 2026.

Turkey's exports in August 2026 amounted to approximately $23.467 billion, up 8.1% compared with the same month last year, while imports rose 10.5% to $28.706 billion.

That resulted in a 22.3% year-on-year increase in Turkey's trade deficit, to $5.239 billion, while the exports-to-imports coverage ratio fell to 81.7%, down from 83.5% in August 2025.