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Pricing

2022
Flag → Flag
Exports $897MRnk 84 / 219
2022
Flag → Flag
Top Product $79.4MCars
2022
Flag → Flag
Exports $10.3BRnk 3 / 101
2022
Flag → Flag
Top Product $7.87BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
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GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$5,937CURRENT US$
Rnk 104 / 186
2012-2022
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GDP PC GROWTH-7.77%CURRENT US$
Rnk 158 / 186

About

United States-Iraq Trade: In 2022, United States exported $897M to Iraq. The main products that United States exported to Iraq were Cars ($79.4M), Excavation Machinery ($59.5M), and Rice ($59.3M). Over the past 5 years the exports of United States to Iraq have decreased at an annualized rate of 2.88%, from $1.04B in 2017 to $897M in 2022.

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

Iraq-United States Trade: 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). Over the past 5 years the exports of Iraq to United States have decreased at an annualized rate of 1.53%,  from $11.2B in 2017 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 1.47), and 2 in total exports ($1.95T). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

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

August, 2024

About

Overview In August 2024, United States exported $107M and imported $638M from Iraq, resulting in a negative trade balance of $531M. Between August 2023 and August 2024 the exports of United States have decreased by $-49.6M (-31.6%) from $157M to $107M, while imports decreased by $-100M (-13.6%) from $738M to $638M.

Trade In August 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 August 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 August 2024 the exports of United States were mainly from Texas ($18M), Oregon ($14.6M), Georgia ($13.3M), New York ($12.2M), and California ($9.45M), while imports destinations were mainly California ($491M), Louisiana ($103M), Texas ($42.8M), Arizona ($622k), and Kentucky ($408k).

Growth In August 2024, the decrease in United States's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Gas Turbines ($-6.02M or -79.5%), Excavation Machinery ($-3.29M or -87.9%), and Aircraft Parts ($-2.15M or -65.8%). In August 2024, the decrease in United States's year-by-year imports  from Iraq was explained primarily by an decrease in product imports  in Other Processed Fruits and Nuts ($-17.6k or -86.9%), Flavored Water ($-4.96k or -12.5%), and Oscilloscopes ($-4.3k or -52.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-49.6M(-31.6%)
IMPORT GROWTH (August 2023 - August 2024)$-100M(-13.6%)
MAIN EXPORTER (August 2024)Texas$18M

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 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 5 years the exports of United States to Iraq have decreased at an annualized rate of 2.88%, from $1.04B in 2017 to $897M in 2022.

In 2017, 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 5 years the exports of Iraq to United States have decreased at an annualized rate of 1.53%, from $11.2B in 2022 to $10.3B in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from United States than Iraq included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Iraq than United States included Greece ($6.27B) and Serbia ($1.21B).

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

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

During 2017, 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).

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) (2022)

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