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Iraq Net Trade (Goods & Services, BoP)

Iraq's net trade (goods & services, bop) fell to $26.67 billion in 2023, down from $57.92 billion in 2022, according to World Bank. This represents a decrease of 53.9% ($31.24 billion) from the previous year. Iraq has the 20th highest net trade (goods & services, bop). Within Asia, it ranks 8th out of 42 countries.

Yearly Historical Data (2005-2023)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2023 26.67
2022 57.92
2021 27.55
2020 -4.2
2019 16.62
2018 35.05
2017 15.15
2016 2.71
2015 -1.79
2014 20.32
2013 22.02
2012 33.59
2011 30.75
2010 7.4
2009 -2.23
2008 27.89
2007 18.97
2006 6.69
2005 -2.04
Iraq Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Iraq, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $43.77B $49.4B 2016
Annual Imports $37.06B 2014
Exports (% GDP) 37.51% 39.63% 2024
FDI Inflows (% GDP) -1.99% -0.73% 2023
Imports (% GDP) 37.23% 29.83% 2024
Trade (% GDP) 74.74% 69.46% 2024