Balance of Trade in Iraq decreased to 32167.60 USD Million in 2019 from 41524 USD Million in 2018. source: Central Bank of Iraq

Balance of Trade in Iraq averaged 11824.58 USD Million from 1988 until 2019, 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 May of 2021.

Balance of Trade in Iraq is expected to reach 29141.55 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

Actual Previous Highest Lowest Dates Unit Frequency
32167.60 41524.00 47550.00 -3492.00 1988 - 2019 USD Million Yearly

Iraq Trade Last Previous Highest Lowest Unit
Balance of Trade 32167.60 41524.00 47550.00 -3492.00 USD Million [+]
Current Account 15762.60 34369.50 34369.50 -15410.00 USD Million [+]
Current Account to GDP -12.60 1.10 12.70 -24.00 percent [+]
Imports 49417.60 45736.00 59349.00 2681.90 USD Million [+]
Exports 81585.20 87260.00 94209.00 1720.40 USD Million [+]
Gold Reserves 96.42 96.27 96.42 0.00 Tonnes [+]
Crude Oil Production 3865.00 3868.00 4830.00 0.00 BBL/D/1K [+]
Terrorism Index 8.68 9.24 10.00 4.09 [+]


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.