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Iraq

U.S. - Iraq Trade Facts

In 2019, Iraq GDP was an estimated $224.5 billion (current market exchange rates); real GDP was up by an estimated 3.9%; and the population was 39 million. (Source: IMF)

Iraq is currently our 49th largest goods trading partner with $8.2 billion in total (two way) goods trade during 2019. Goods exports totaled $1.2 billion; goods imports totaled $7.0 billion. The U.S. goods trade deficit with Iraq was $5.8 billion in 2019.

According to the Department of Commerce, U.S. exports of goods to Iraq supported an estimated 11 thousand jobs in 2015 (latest data available).

Exports

  • Iraq was the United States' 75th largest goods export market in 2019.
  • U.S. goods exports to Iraq in 2019 were $1.2 billion, down 9.3% ($122 million) from 2018 and down 32.9% from 2009. 
  • The top export categories (2-digit HS) in 2019 were: machinery ($311 million), cereals (wheat) ($178 million), electrical machinery ($152 million), vehicles ($138 million), and optical and medical instruments ($121 million).
  • U.S. total exports of agricultural products to Iraq totaled $231 million in 2019. Leading domestic export categories include: wheat ($106 million), rice ($72 million), poultry meat & products (ex. eggs) ($27 million), tree nuts ($8 million), and planting seeds ($4 million).

Imports

  • Iraq was the United States' 36th largest supplier of goods imports in 2019.
  • U.S. goods imports from Iraq totaled $7.0 billion in 2019, down 40.8% ($4.8 billion) from 2018, and down 24.2% from 2009. 
  • The top import categories (2-digit HS) in 2019 were: mineral fuels ($7.0 billion), special other (returns) ($25 million), art and antiques ($858 thousand), precious metal and stone (jewelry) ($701 thousand), and special other (low value estimates) ($223 thousand).
  • U.S. total imports of agricultural products from Iraq totaled $409 thousand in 2019.

Trade Balance

  • The U.S. goods trade deficit with Iraq was $5.8 billion in 2019, a 44.7% decrease ($4.7 billion) over 2018.

Investment

  • U.S. foreign direct investment (FDI) in Iraq (stock) was $1.9 billion in 2019, a 1.9% increase from 2018. There is no information on the distribution of U.S. FDI in Iraq.
  • No data on Iraq's FDI in the U.S. are available.

NOTE: No services trade data with Iraq are available.

 

U.S. Goods Trade with Iraq (in millions of dollars)

 

2009

2014

2015

2016

2017

2018

2019

Total

11,035.7

15,933.0

6,326.9

7,249.6

11,959.2

13,184.1

8,215.0

Exports

1,772.4

2,105.9

1,973.4

1,266.4

1,204.9

1,312.1

1,189.9

Imports

9,263.3

13,827.1

4,353.5

5,983.3

10,754.3

11,872.1

7,025.1

Balance

-7,490.9

-11,721.2

-2,380.1

-4,717.0

-9,549.4

-10,560.0

-5,835.2

 

U.S. Agricultural Trade with Iraq (in millions of dollars)

 

2009

2014

2015

2016

2017

2018

2019

Total

155.1

207.0

179.5

133.0

164.4

374.8

231.7

Exports

154.7

206.0

179.2

132.5

163.2

374.0

231.3

Imports

0.3

1.0

0.3

0.5

1.1

0.8

0.4

Balance

154.4

205.0

178.9

132.1

162.1

373.2

230.9

 

U.S. Manufacturing Trade with Iraq (in millions of dollars)

 

2009

2014

2015

2016

2017

2018

2019

Total

1,715.1

2,109.4

1,822.8

1,164.7

1,009.0

974.3

1,185.2

Exports

1,703.6

1,970.4

1,811.5

1,099.2

955.7

914.4

1,008.4

Imports

11.5

139.0

11.3

65.5

53.3

59.9

176.8

Balance

1,692.1

1,831.4

1,800.2

1,033.7

902.5

854.5

831.5

 

Last updated:October 2, 2020