Trade balance — all countries

Trade balance — Iraq

Trade balance in Iraq in 2024 — 6,678,100,000 US$. Ranked 42 in the world out of 171. Since 1970, the indicator has risen by 1,087.2%.

2024 6.68B US$ −74.66% vs 2023
World rank 42of 171
Period maximum 58.32B US$2022
Period minimum -16.99B US$1982

Trend over time

1970–2024 · US$

Trade balance — Iraq, 1970–2024-20B020B40B60B19701976198219881994200020062012201820241970: 562,519,775 US$1971: 798,585,573 US$1972: 635,325,924 US$1973: 1,115,219,544 US$1974: 3,393,498,137 US$1975: 1,312,902,133 US$1976: 3,809,685,066 US$1977: 3,048,086,692 US$1978: 5,947,511,006 US$1979: 11,832,712,496 US$1980: 16,782,666,667 US$1981: -11,601,666,667 US$1982: -16,989,666,667 US$1983: -3,383,548,387 US$1984: -1,877,741,935 US$1985: -2,262,258,065 US$1986: -4,696,129,032 US$1987: -1,649,354,839 US$1988: -1,958,709,677 US$1989: -595,806,452 US$1990: 487,741,935 US$1991: -4,935,639 US$1992: -4,187,590 US$1993: -4,061,728 US$1994: -1,135,554 US$1995: -1,321,085 US$1996: -893,640 US$1997: 4,465,658,586 US$1998: 4,856,391,982 US$1999: 6,253,336,615 US$2000: 12,609,021,036 US$2001: 1,362,594,941 US$2002: 7,039,463,245 US$2003: 120,768,661 US$2004: -2,817,920,476 US$2005: -3,527,987,369 US$2006: 8,086,942,074 US$2007: 15,730,222,489 US$2008: 25,797,838,917 US$2009: 125,996,305 US$2010: 7,391,500,000 US$2011: 30,952,800,000 US$2012: 33,590,227,293 US$2013: 27,961,900,000 US$2014: 20,331,200,000 US$2015: -939,731,582 US$2016: 2,715,797,629 US$2017: 15,073,295,270 US$2018: 35,932,000,423 US$2019: 16,620,400,000 US$2020: -4,055,319,222 US$2021: 27,553,600,000 US$2022: 58,316,729,655 US$2023: 26,353,418,203 US$2024: 6,678,100,000 US$
Change over the period: +6.12B (+1,087.18%) Average annual rate: 4.69 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Iraq

Iraq 6.68B US$
World computed 863B US$
Middle East & North Africa computed 25.42B US$
Western Asia computed 102B US$
Upper-middle-income countries computed 633B US$
Trade balance — Iraq, by year Iraq All countries CSV XLSX
Year US$ Change Change, %
2024 6.68B −19.68B −74.66%
2023 26.35B −31.96B −54.81%
2022 58.32B +30.76B +111.65%
2021 27.55B +31.61B +779.44%
2020 -4.06B −20.68B −124.4%
2019 16.62B −19.31B −53.74%
2018 35.93B +20.86B +138.38%
2017 15.07B +12.36B +455.02%
2016 2.72B +3.66B +389%
2015 -940M −21.27B −104.62%
2014 20.33B −7.63B −27.29%
2013 27.96B −5.63B −16.76%
2012 33.59B +2.64B +8.52%
2011 30.95B +23.56B +318.76%
2010 7.39B +7.27B +5,766.44%
2009 126M −25.67B −99.51%
2008 25.8B +10.07B +64%
2007 15.73B +7.64B +94.51%
2006 8.09B +11.61B +329.22%
2005 -3.53B −710M −25.2%
2004 -2.82B −2.94B −2,433.32%
2003 121M −6.92B −98.28%
2002 7.04B +5.68B +416.62%
2001 1.36B −11.25B −89.19%
2000 12.61B +6.36B +101.64%
1999 6.25B +1.4B +28.77%
1998 4.86B +391M +8.75%
1997 4.47B +4.47B +499,815.86%
1996 -893,640 +427,446 +32.36%
1995 -1.32M −185,531 −16.34%
1994 -1.14M +2.93M +72.04%
1993 -4.06M +125,862 +3.01%
1992 -4.19M +748,049 +15.16%
1991 -4.94M −493M −101.01%
1990 488M +1.08B +181.86%
1989 -596M +1.36B +69.58%
1988 -1.96B −309M −18.76%
1987 -1.65B +3.05B +64.88%
1986 -4.7B −2.43B −107.59%
1985 -2.26B −385M −20.48%
1984 -1.88B +1.51B +44.5%
1983 -3.38B +13.61B +80.08%
1982 -16.99B −5.39B −46.44%
1981 -11.6B −28.38B −169.13%
1980 16.78B +4.95B +41.83%
1979 11.83B +5.89B +98.95%
1978 5.95B +2.9B +95.12%
1977 3.05B −762M −19.99%
1976 3.81B +2.5B +190.17%
1975 1.31B −2.08B −61.31%
1974 3.39B +2.28B +204.29%
1973 1.12B +480M +75.54%
1972 635M −163M −20.44%
1971 799M +236M +41.97%
1970 563M

About the indicator

The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.

Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.

Source: World Development Indicators (World Bank), license CC BY 4.0.