Iraq recorded a trade surplus of 20427.80 USD Million in the third quarter of 2022. source: Central Bank of Iraq

Balance of Trade in Iraq averaged 8203.00 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 -3492.00 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 March of 2023.

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Iraq Balance of Trade

Related Last Previous Unit Reference
Balance of Trade 20427.80 18830.20 USD Million Sep 2022
Current Account 17292.60 15398.80 USD Million Sep 2022
Current Account to GDP 7.80 -10.80 percent of GDP Dec 2021
Imports 12671.10 12339.60 USD Million Sep 2022
Exports 33098.90 31169.80 USD Million Sep 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
20427.80 18830.20 44053.60 -3492.00 1988 - 2022 USD Million Quarterly