Iraq recorded a trade surplus of 5883.20 USD Million in 2020. source: Central Bank of Iraq

Balance of Trade in Iraq averaged 11596.07 USD Million from 1988 until 2020, reaching an all time high of 47550 USD Million in 2008 and a record low of -3492 USD Million in 2004. This page provides - Iraq Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Balance of Trade - values, historical data and charts - was last updated on January of 2022.

Balance of Trade in Iraq is expected to reach 30259.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Balance of Trade is projected to trend around 30259.00 USD Million in 2022 and 29142.00 USD Million in 2023, according to our econometric models.

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Iraq Balance of Trade

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.
Actual Previous Highest Lowest Dates Unit Frequency
5883.20 32167.60 47550.00 -3492.00 1988 - 2020 USD Million Yearly

Related Last Previous Unit Reference
Balance of Trade 5883.20 32167.60 USD Million Dec/20
Current Account to GDP -12.60 1.10 percent of GDP Dec/20
Current Account -6216.80 15762.60 USD Million Dec/20
Imports 40927.30 49417.60 USD Million Dec/20
Exports 46810.50 81585.20 USD Million Dec/20