02/02/2025 (Iraqi News), Baghdad - Iraq has marked a significant milestone in its agricultural export sector by shipping vegetable oils abroad for the first time. According to a press release by the Iraqi Ports Company on Friday, the country successfully exported 40,000 tons of high-quality soybean oil from Umm Qasr South Port to promising markets in Pakistan and India. This development highlights Iraq’s growing presence in the global vegetable oil market.

Iraq’s agricultural sector

The shipment, which was exported from Berth No. 2 at Umm Qasr South Port, represents a crucial step in Iraq’s efforts to diversify its economy beyond oil. By entering the vegetable oil trade, Iraq strengthens its position as a key player in agricultural exports while enhancing revenue streams from non-oil sectors.

The Iraqi Ports Company emphasized that part of Umm Qasr South Port has been transformed into an industrial zone. This area now hosts a manufacturing facility dedicated to producing oils and animal feed, established in collaboration with joint venture companies. This industrial expansion is expected to boost local production capacity and create new economic opportunities.

Economic growth

This achievement is anticipated to open doors for Iraqi agricultural products in additional international markets. The successful export of soybean oil could pave the way for increased investments in Iraq’s agricultural and food processing industries, further strengthening the country’s trade potential.

The expansion of Iraq’s agricultural exports is set to contribute significantly to job creation. As investments grow in the sector, more employment opportunities will emerge for Iraqis, supporting economic stability and development.

Iraq’s first-ever vegetable oil export is a testament to the country’s evolving economic landscape. With increasing investments in agriculture and food industries, Iraq is on track to become a competitive player in global markets. This breakthrough not only diversifies exports but also positions the nation for sustainable growth in the years ahead.

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