Iraq recorded a trade surplus of 18793 USD Million in 2017. Balance of Trade in Iraq averaged 9648.83 USD Million from 1988 until 2017, reaching an all time high of 47550 USD Million in 2008 and a record low of -3492 USD Million in 2004.

Balance of Trade in Iraq is expected to be 13493.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Balance of Trade is projected to trend around 6118.00 USD Million in 2020, according to our econometric models.

Iraq Balance of Trade
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Iraq Trade Last Previous Highest Lowest Unit
Balance of Trade 18793.00 7090.00 47550.00 -3492.00 USD Million [+]
Current Account 13954.50 2157.80 32344.00 -15410.00 USD Million [+]
Current Account to GDP 4.90 2.10 12.70 -24.00 percent [+]
Exports 57559.00 41298.00 94209.00 1720.40 USD Million [+]
Imports 38766.00 34208.00 59349.00 2681.90 USD Million [+]
Gold Reserves 96.30 96.30 96.30 0.00 Tonnes [+]
Crude Oil Production 4600.00 4595.00 4830.00 0.00 BBL/D/1K [+]
Terrorism Index 9.75 10.00 10.00 4.09 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Iraq Balance of Trade

Iraq has been recording trade surpluses since 2005 due to a rise in the shipments of oil (99 percent of total exports). Main imports are: machinery and transport equipment; manufactured articles and mineral fuels. Main trading partners are: United States (25 percent of total exports and 6 percent of imports) and China (12 percent of exports and 14 percent of imports). Others include: Syria, India and South Korea. This page provides - Iraq Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
18793.00 7090.00 47550.00 -3492.00 1988 - 2017 USD Million Yearly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan -967.11 May/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 3962.64 May/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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