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.

Balance of Trade in Iraq is expected to be 32169.45 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 29141.55 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 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 4.90 2.10 12.70 -24.00 percent [+]
Exports 87260.00 57559.00 94209.00 1720.40 USD Million [+]
Imports 45736.00 38766.00 59349.00 2681.90 USD Million [+]
Gold Reserves 96.27 96.30 96.30 0.00 Tonnes [+]
Crude Oil Production 4620.00 4650.00 4830.00 0.00 BBL/D/1K [+]
Terrorism Index 9.75 10.00 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. 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 October of 2019.

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




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 14702.40 Aug/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -10860.00 Sep/19
Indonesia -160.50 Sep/19
Italy 2585.00 Aug/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3833.90 Sep/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 2881.00 Sep/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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