Iraq recorded a trade surplus of 18793 USD Million in 2017. Balance of Trade in Iraq averaged 9648.83 USD Million from 1988 until 2017, reaching an all time high of 47550 USD Million in 2008 and a record low of -3492 USD Million in 2004.

Balance of Trade in Iraq is expected to be 13493.00 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 6118.00 USD Million in 2020, according to our econometric models.

Iraq Balance of Trade
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Iraq Trade Last Previous Highest Lowest Unit
Balance of Trade 18793.00 7090.00 47550.00 -3492.00 USD Million [+]
Current Account 3554.70 -1913.10 32344.00 -15410.00 USD Million [+]
Current Account to GDP 2.30 -7.80 12.70 -24.00 percent [+]
Imports 38766.00 34208.00 59349.00 2681.90 USD Million [+]
Exports 57559.00 41298.00 94209.00 1720.40 USD Million [+]
Gold Reserves 89.80 89.80 89.82 0.00 Tonnes [+]
Crude Oil Production 4455.00 4460.00 4830.00 0.00 BBL/D/1K [+]
Terrorism Index 10.00 9.96 10.00 4.09 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Iraq Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iraq Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18793.00 7090.00 47550.00 -3492.00 1988 - 2017 USD Million Yearly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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