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Exports In 2018, Iraq exported $9.19B in Oils petroleum, bituminous, distillates, except crude, making it the 26th largest exporter of Oils petroleum, bituminous, distillates, except crude in the world. At the same year, Oils petroleum, bituminous, distillates, except crude was the 2nd most exported product in Iraq. The main destination of Oils petroleum, bituminous, distillates, except crude exports from Iraq are: United States ($2.45B), United Arab Emirates ($2.26B), India ($1.44B), South Korea ($845M), and Chinese Taipei ($496M).

The fastest growing export markets for Oils petroleum, bituminous, distillates, except crude of Iraq between 2021 and 2022 were United States ($2.35B), United Arab Emirates ($1.01B), and Chinese Taipei ($252M).

Imports In 2022, Iraq imported $7.81B in Oils petroleum, bituminous, distillates, except crude, becoming the 37th largest importer of Oils petroleum, bituminous, distillates, except crude in the world. At the same year, Oils petroleum, bituminous, distillates, except crude was the 1st most imported product in Iraq. Iraq imports Oils petroleum, bituminous, distillates, except crude primarily from: United Arab Emirates ($5.29B), India ($728M), Malaysia ($566M), Chinese Taipei ($399M), and South Korea ($218M).

The fastest growing import markets in Oils petroleum, bituminous, distillates, except crude for Iraq between 2021 and 2022 were United Arab Emirates ($2.04B), Chinese Taipei ($276M), and Malaysia ($235M).

COMPANIES In 2023, leading companies such as Chevron (2) were at the forefront of shipping Oils petroleum, bituminous, distillates, except crude from Iraq to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Oils petroleum, bituminous, distillates, except crude. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.19B
IMPORTS (2022)$7.81B
NET TRADE (2022)$1.38B

In 2022, Iraq exported $9.19B in Oils petroleum, bituminous, distillates, except crude. The main destinations of Iraq exports on Oils petroleum, bituminous, distillates, except crude were United States ($2.45B), United Arab Emirates ($2.26B), India ($1.44B), South Korea ($845M), and Chinese Taipei ($496M).

In 2022, Iraq imported $7.81B in Oils petroleum, bituminous, distillates, except crude, mainly from United Arab Emirates ($5.29B), India ($728M), Malaysia ($566M), Chinese Taipei ($399M), and South Korea ($218M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Oils petroleum, bituminous, distillates, except crude EXPORT MARKETS FOR Iraq WERE (2021 - 2022):
United States$2.35B (2.36k%)
United Arab Emirates$1.01B (81.4%)
Chinese Taipei$252M (103%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oils petroleum, bituminous, distillates, except crude BY Iraq WERE (2021 - 2022):
Singapore-$607M (-64.8%)
South Korea-$342M (-28.8%)
Malaysia-$127M (-41.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Iraq's main exporting competitors in Oils petroleum, bituminous, distillates, except crude were:
In 2022, Iraq's main importing competitors in Oils petroleum, bituminous, distillates, except crude were:

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Trade Value of Oils petroleum, bituminous, distillates, except crude by Exporters

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