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Pricing

2023
Flag → Flag
Exports $1.42BRnk 72 / 220
2023
Flag → Flag
Top Product $242MCars
2023
Flag → Flag
Exports $8.92BRnk 3 / 100
2023
Flag → Flag
Top Product $6.01BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$5,565CURRENT US$
Rnk 118 / 196
2013-2023
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GDP PC GROWTH-16.3%CURRENT US$
Rnk 174 / 195

About

United States-Iraq Trade: In 2023, United States exported $1.42B to Iraq. The main products that United States exported to Iraq were Cars ($242M), Rice ($149M), and Gas Turbines ($98.7M). Over the past 5 years the exports of United States to Iraq have increased at an annualized rate of 2.34%, from $1.26B in 2018 to $1.42B in 2023.

In 2023, United States did not export any services to Iraq.

Iraq-United States Trade: In 2023, Iraq exported $8.92B to United States. The main products that Iraq exported to United States were Crude Petroleum ($6.01B), Refined Petroleum ($2.9B), and Documents of title (bonds etc) and unused stamps ($7.43M). Over the past 5 years the exports of Iraq to United States have decreased at an annualized rate of 5.95%,  from $12.1B in 2018 to $8.92B in 2023.

In 2023, Iraq did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Company data: In 2023, leading companies such as Chevron (2) were at the forefront of exporting goods from Iraq to the United States. Conversely, Other (2) were notable for importing products to Iraq from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $155M and imported $695M from Iraq, resulting in a negative trade balance of $540M. Between November 2023 and November 2024 the exports of United States have increased by $56.1M (56.9%) from $98.7M to $155M, while imports increased by $222M (46.8%) from $474M to $695M.

Trade In November 2024, the top exports of United States to Iraq were Wheat ($43.9M), Cars ($18.5M), Packaged Medicaments ($16.4M), Delivery Trucks ($7M), and Vaccines, blood, antisera, toxins and cultures ($5.52M). In November 2024 the top imports of United States from Iraq were Crude Petroleum ($575M), Refined Petroleum ($240M), Electrical Ignitions ($207k), Commodities not elsewhere specified ($172k), and Flavored Water ($34.8k).

Origins In November 2024 the exports of United States were mainly from Illinois ($33.2M), Alabama ($17.7M), Texas ($17.2M), Georgia ($14.4M), and California ($14.3M), while imports destinations were mainly California ($452M), Texas ($93.4M), Louisiana ($71.3M), New Jersey ($64.7M), and Delaware ($11.9M).

Growth In November 2024, the increase in United States's year-by-year exports to Iraq was explained primarily by an increase in product exports in Cars ($13.8M or 293%), Packaged Medicaments ($11.1M or 212%), and Delivery Trucks ($6.91M or 7.4k%). In November 2024, the increase in United States's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in Refined Petroleum ($223M or 1.3k%), Crude Petroleum ($61.8M or 12%), and Commodities not elsewhere specified ($78k or 82.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$56.1M(56.9%)
IMPORT GROWTH (November 2023 - November 2024)$222M(46.8%)
MAIN EXPORTER (November 2024)Illinois$33.2M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Iraq and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $1.42B to Iraq. The main products exported from United States to Iraq were Cars ($242M), Rice ($149M), and Gas Turbines ($98.7M). During the last 5 years the exports of United States to Iraq have increased at an annualized rate of 2.34%, from $1.26B in 2018 to $1.42B in 2023.

In 2018, Iraq exported $8.92B to United States. The main products exported from Iraq to United States were Crude Petroleum ($6.01B), Refined Petroleum ($2.9B), and Documents of title (bonds etc) and unused stamps ($7.43M). During the last 5 years the exports of Iraq to United States have decreased at an annualized rate of 5.95%, from $12.1B in 2023 to $8.92B in 2018.

Exports from United States (Flag) to Iraq (Flag) (2023)

Exports from Iraq (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Iraq
Top DestinationChina$35.5B

This map shows whether countries import more from United States or Iraq. Each country is colored based on the difference in imports they receive from United States and Iraq or the difference in the growth in imports.

In 2023, countries that imported more from United States than Iraq included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Iraq than United States included Greece ($5.68B) and Serbia ($852M).

Difference in imports from Iraq (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Iraq

Flow
Scale

This chart compares trade between United States and Iraq by product, considering products traded by both, United States and Iraq.

During 2023, United States had a large net trade with Iraq in the exports of Machines ($406M), Transportation ($369M), and Vegetable Products ($296M).

During 2018, Iraq had a large net trade with United States in the exports of Mineral Products ($8.91B), Paper Goods ($7.43M), and Foodstuffs ($1.46M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Iraq+$83.3MCars
Top Product Potential Iraq United States+$3.44BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Iraq. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Iraq (Flag) (2023)

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