Net trade in goods and services in Iraq
Iraq: Net trade in goods and services was 6.68 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Iraq, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Iraq recorded 6.68 billion BoP, current US$ for net trade in goods and services in 2024.
Compared with earlier readings it is down 75.0% on the previous year and down 67.1% over ten years.
Over the whole period, net trade in goods and services in Iraq peaked at 57.92 billion BoP, current US$ in 2022 and was at its lowest, -4.20 billion BoP, current US$, in 2020.
Iraq ranks 40th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.86 billion BoP, current US$ | -2.23 billion BoP, current US$ | 27.89 billion BoP, current US$ | 5 |
| 2010s | 18.18 billion BoP, current US$ | -1.79 billion BoP, current US$ | 35.05 billion BoP, current US$ | 10 |
| 2020s | 22.92 billion BoP, current US$ | -4.20 billion BoP, current US$ | 57.92 billion BoP, current US$ | 5 |
Countries ranked near Iraq
- 37 Bahrain 8.26 billion BoP, current US$ compare
- 38 South Africa 8.25 billion BoP, current US$ compare
- 39 Portugal 7.13 billion BoP, current US$ compare
- 41 Angola 6.65 billion BoP, current US$ compare
- 42 Papua New Guinea 6.39 billion BoP, current US$ compare
- 43 Turkey 5.38 billion BoP, current US$ compare
More economy & growth data for Iraq
- Final consumption expenditure 68.6% (2024)
- Manufacturing, value added 5.30 trillion constant LCU (2025)
- Households and NPISHs final consumption expenditure 46.4% (2024)
- Final consumption expenditure 191.81 billion current US$ (2024)
- Final consumption expenditure 249.35 trillion current LCU (2024)
- Final consumption expenditure 176.68 billion constant 2015 US$ (2024)
- Final consumption expenditure 15.3% (2024)
- Manufacturing, value added 11.16 billion constant 2015 US$ (2025)
- Manufacturing, value added 10.17 billion current US$ (2025)
- Gross national expenditure 191.22 billion constant 2015 US$ (2024)
Frequently asked questions
- What is net trade in goods and services in Iraq?
- Net trade in goods and services in Iraq was 6.68 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Iraq?
- The highest recorded value was 57.92 billion BoP, current US$ in 2022.
- What is the lowest net trade in goods and services recorded in Iraq?
- The lowest recorded value was -4.20 billion BoP, current US$ in 2020.
- How does Iraq rank for net trade in goods and services?
- Iraq ranks 40th out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Iraq?
- Over the last ten years it is down 67.1%. The long-run trend across the full record is volatile.
- Where does this Iraq data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.