Iraq recorded a trade surplus of 41524 USD Million in 2018.

Balance of Trade in Iraq averaged 10976.96 USD Million from 1988 until 2018, 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 October of 2020.

Balance of Trade in Iraq is expected to reach 30259.00 USD Million by the end of 2020, 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 2021 and 29142.00 USD Million in 2022, according to our econometric models.

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Iraq Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
41524.00 18793.00 47550.00 -3492.00 1988 - 2018 USD Million Yearly

Iraq Trade Last Previous Highest Lowest Unit
Balance of Trade 41524.00 18793.00 47550.00 -3492.00 USD Million [+]
Current Account 13954.50 2157.80 32344.00 -15410.00 USD Million [+]
Current Account to GDP -1.20 4.90 12.70 -24.00 percent [+]
Imports 45736.00 38766.00 59349.00 2681.90 USD Million [+]
Exports 87260.00 57559.00 94209.00 1720.40 USD Million [+]
Gold Reserves 96.30 96.30 96.30 0.00 Tonnes [+]
Crude Oil Production 3600.00 3578.00 4830.00 0.00 BBL/D/1K [+]
Terrorism Index 9.24 9.75 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.