Iraq Balance of Trade2022 Data - 2023 Forecast - 1988-2021 Historical - Chart

Name: Iraq Balance of Trade
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Iraq,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Iraq recorded a trade surplus of 10065.10 USD Million in the fourth quarter of 2021. source: Central Bank of Iraq

Balance of Trade in Iraq averaged 7680.71 USD Million from 1988 until 2021, reaching an all time high of 44053.60 USD Million in the fourth quarter of 2012 and a record low of -3492 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 July of 2022.

Balance of Trade in Iraq is expected to be 30259.00 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 30259.00 USD Million in 2023 and 29142.00 USD Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	10065.10	9140.40	USD Million	Dec 2021
Current Account to GDP	5.90	-10.80	percent of GDP	Dec 2021
Current Account	5665.20	4609.10	USD Million	Dec 2021
Imports	10595.00	10686.00	USD Million	Dec 2021
Exports	20660.00	19826.00	USD Million	Dec 2021

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.