Iraq recorded a trade surplus of 5953.70 USD Million in the first quarter of 2025. Balance of Trade in Iraq averaged 8366.06 USD Million from 1988 until 2025, reaching an all time high of 44053.60 USD Million in the fourth quarter of 2012 and a record low of -3492.00 USD Million in the fourth quarter of 2004. source: Central Bank of Iraq

Related	Last	Previous	Unit	Reference
Balance of Trade	5953.70	646.50	USD Million	Mar 2025
Current Account	1396.50	-3895.80	USD Million	Mar 2025
Current Account to GDP	-1.90	4.50	percent of GDP	Dec 2024
Exports	24112.30	23132.90	USD Million	Mar 2025
Imports	18158.60	22486.40	USD Million	Mar 2025
Oil Exports	22365.40	21643.30	USD Million	Mar 2025

Iraq Balance of Trade

Iraq has been recording trade surpluses since 2005 due to a rise in the shipments of oil (99 percent of total exports). Main imports are: machinery and transport equipment; manufactured articles and mineral fuels. Main trading partners are: United States (25 percent of total exports and 6 percent of imports) and China (12 percent of exports and 14 percent of imports). Others include: Syria, India and South Korea.