Iraq is Turkey's potentially most lucrative market in the world. According to data from the Assembly of Exporters, Germany and Iraq occupy the top two slots for consumption of Turkish imports. Last year, Turkey's exports to Germany totaled $13.3 billion, while those to Iraq amounted to $11.9 billion.
It is misleading, however, to look only at export figures. One must also keep an eye on imports. In 2013, Turkey imported $24.1 billion in goods from Germany — that is, twice the amount Turkey sold in Germany. Regarding Iraq, however, Turkey sold $11.9 billion in goods and bought only $200 million. This is why figures point to Iraq as being Turkey's potentially most lucrative and rapidly developing market.