United States (USA) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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United States (USA) and Iraq (IRQ) Trade

2022

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Exports $897MRnk 84 / 219

2022

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About

United States-Iraq In 2022, United States exported $897M to Iraq. The main products that United States exported to Iraq are Cars ($79.4M), Excavation Machinery ($59.5M), and Rice ($59.3M). During the last 26 years the exports of United States to Iraq have increased at an annualized rate of 25%, from $2.72M in 1996 to $897M in 2022.

In 2022, United States did not export any services to Iraq.

Iraq-United States In 2022, Iraq exported $10.3B to United States. The main products that Iraq exported to United States were Crude Petroleum ($7.87B), Refined Petroleum ($2.45B), and Documents of title (bonds etc) and unused stamps ($3.29M). During the last 26 years the exports of Iraq to United States have increased at an annualized rate of 14.3%, from $317M in 1996 to $10.3B in 2022.

In 2022, Iraq did not export any services to United States.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Iraq ranked 104 in the Economic Complexity Index (ECI -0.99), and 36 in total exports ($123B).

COMPANIES In 2023, leading companies such as were at the forefront of exporting goods from Iraq to the United States. Conversely, were notable for importing Iraq products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $152M and imported $548M from Iraq, resulting in a negative trade balance of $396M. Between January 2023 and January 2024 the exports of United States have increased by $12.5M (8.94%) from $140M to $152M, while imports decreased by $-268M (-32.9%) from $816M to $548M.

Trade In January 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 January 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 January 2024 the exports of United States were mainly from Louisiana ($30M), Michigan ($24M), Texas ($17.5M), Georgia ($17M), and California ($12M), while imports destinations were mainly California ($371M), Louisiana ($89.1M), Texas ($86.3M), Utah ($972k), and New York ($277k).

Growth In January 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 ($6.91M or 7.4k%). In January 2024, the decrease in United States's year-by-year imports from Iraq was explained primarily by an decrease in product imports in Other Processed Fruits and Nuts ($-17.6k or -86.9%), Flavored Water ($-4.96k or -12.5%), and Oscilloscopes ($-4.3k or -52.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$12.5M(8.94%)

IMPORT GROWTH (January 2023 - January 2024)$-268M(-32.9%)

MAIN EXPORTER (January 2024)Louisiana$30M

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $897M to Iraq. The main products exported from United States to Iraq were Cars ($79.4M), Excavation Machinery ($59.5M), and Rice ($59.3M). During the last 26 years the exports of United States to Iraq have increased at an annualized rate of 25%, from $2.72M in 1996 to $897M in 2022.

In 2022, Iraq exported $10.3B to United States. The main products exported from Iraq to United States were Crude Petroleum ($7.87B), Refined Petroleum ($2.45B), and Documents of title (bonds etc) and unused stamps ($3.29M). During the last 25 years the exports of Iraq to United States have increased at an annualized rate of 14.3%, from $317M in 1997 to $10.3B in 2022.

Exports from United States () to Iraq () (2022)

Exports from Iraq () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Iraq
Top DestinationIndia$38.8B

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 2021, countries that imported more from United States than Iraq were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Iraq than United States were Greece ($6.27B) and Serbia ($1.21B).

Difference in imports from Iraq () and United States () (2022)

Comparative Advantage United States - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Iraq in the exports of Machines ($358M), Vegetable Products ($144M), and Transportation ($127M).

During 2022, Iraq had a large net trade with United States in the exports of Mineral Products ($10.3B), Paper Goods ($3.29M), and Foodstuffs ($1.02M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Iraq. Similarly, the more yellow a dot/product is, the more Iraq has comparative advantage over United States.

Product Space of United States () and Iraq () (2022)

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