Country intelligence · IRQ · 2024

Iraq trade profile

In 2024, Iraq recorded $105.1B in merchandise exports and $86.8B in imports, producing a $18.3B trade surplus. Exports changed +0.3% from the previous year, while imports changed +18.8%.^[1]

Exports

$105.1B

+0.3%

Imports

$86.8B

+18.8%

Trade balance

$18.3B

surplus

Active partners

270

15 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

ExportsImports

Exact annual values

Year	Exports	Imports	Balance	Export growth
2024	$105.1B	$86.8B	$18.3B	+0.3%
2023	$104.7B	$73.0B	$31.7B	+3.9%
2022	$100.8B	$75.9B	$24.9B	+22.2%
2021	$82.5B	$61.2B	$21.3B	+35.6%
2020	$60.8B	$52.2B	$8.6B	-30.9%
2019	$88.0B	$56.7B	$31.3B	-5.1%
2018	$92.7B	$54.8B	$37.9B	+45.4%
2017	$63.8B	$51.0B	$12.8B	+38.8%
2016	$45.9B	$42.8B	$3.2B	-8.6%
2015	$50.3B	$44.2B	$6.1B	-39.1%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

HS 27 · Mineral fuels and oils

33 active HS6 lines · 63 export partners

$103.2B

HS 71 · Precious metals and stones

39 active HS6 lines · 31 export partners

$517.2M

HS 10 · Cereals

25 active HS6 lines · 16 export partners

$271.6M

HS 72 · HS chapter

152 active HS6 lines · 10 export partners

$161.8M

HS 08 · HS chapter

65 active HS6 lines · 49 export partners

$119.5M

HS 76 · HS chapter

35 active HS6 lines · 23 export partners

$101.7M

HS 89 · HS chapter

16 active HS6 lines · 3 export partners

$79.8M

HS 84 · Machinery

512 active HS6 lines · 62 export partners

$78.7M

Leading export markets

Destinations rank bilateral export flows from Iraq; growth describes each corridor rather than the whole economy.

China

Annual change +7.9% · 3-year CAGR 11.2%

$34.6B

India

Annual change -0.1% · 3-year CAGR 2.5%

$26.8B

South Korea

Annual change +14.1% · 3-year CAGR 18.7%

$8.2B

United States

Annual change -13.8% · 3-year CAGR 24.3%

$7.1B

Greece

Annual change -4.8% · 3-year CAGR 2.1%

$5.1B

United Arab Emirates

Annual change -5.6% · 3-year CAGR 27.0%

$4.9B

Netherlands

Annual change -23.4% · 3-year CAGR 92.8%

$3.5B

Italy

Annual change -34.7% · 3-year CAGR -13.4%

$2.5B

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.

Data sources Methodology Open country workspace