Iraq recorded a trade surplus of 10823.80 USD Million in the first quarter of 2026. Balance of Trade in Iraq averaged 8261.63 USD Million from 1988 until 2026, 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. source: Central Bank of Iraq

Related	Last	Previous	Unit	Reference
Balance of Trade	10823.80	3781.10	USD Million	Mar 2026
Current Account	7982.20	-243.50	USD Million	Mar 2026
Current Account to GDP	-1.70	-2.10	percent of GDP	Dec 2025
Exports	19550.20	21615.50	USD Million	Mar 2026
Imports	8726.40	17834.40	USD Million	Mar 2026
Oil Exports	18639.50	19787.20	USD Million	Mar 2026

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.