Iraq recorded a trade surplus of 14432.60 USD Million in the first quarter of 2022. source: Central Bank of Iraq

Balance of Trade in Iraq averaged 7799.17 USD Million from 1988 until 2022, reaching an all time high of 44053.60 USD Million in the fourth quarter of 2012 and a record low of -3492 USD Million in the fourth quarter of 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 October of 2022.

Balance of Trade in Iraq is expected to be 30259.00 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 30259.00 USD Million in 2023 and 29142.00 USD Million in 2024, according to our econometric models.

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Iraq Balance of Trade

Related Last Previous Unit Reference
Balance of Trade 14432.60 10065.10 USD Million Mar 2022
Current Account 9163.50 5665.20 USD Million Mar 2022
Current Account to GDP 5.90 -10.80 percent of GDP Dec 2021
Imports 12257.50 10595.00 USD Million Mar 2022
Exports 26690.10 20660.00 USD Million Mar 2022

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
14432.60 10065.10 44053.60 -3492.00 1988 - 2022 USD Million Quarterly