Exporting to Iraq

Iraq Export Guide | Trade Finance Global

Exporting to Iraq

The country holds the 44th rank as the largest export economy in the world. New contracts with international oil companies are also forecasted to increase Iraq’s oil exports about the usual level of around 1,900,000 bbl per day. The war with Iran which almost lasted for a decade brought long-term problems for Iraq because major oil export facilities were heavily damage thus the government resorted to borrowing funds and rescheduling foreign debt payments which could ultimately be summed up to reach at least $80 billion total losses. However, in the 1980s, Iraq slowly regained from these losses as oil exports increased after the rehabilitation and construction of the pipelines and facilities.

Using the Harmonized System (HS) classification, it has been identified that the top exports of Iraq are Crude Petroleum ($76B), Refined Petroleum ($890 M), Ethers ($140 M), Tropical Fruits ($65 M) and Gold ($50 M)

The top export destinations of Iraq meanwhile would include India ($18 B), China ($16B), the United States (at around $12B), South Korea ($8.3B) and Greece ($4.4B).

Exporting to Iraq? Contact our local experts

1.00 GBP
British Pound
1.00 GBP = 1536.80 IQD
=
1536.80 IQD
Iraqi Dinar
1.00 IQD = 0.00065 GBP

Country Profile

CapitalRepublic of Iraq ??????? ??????(Arabic) ?????? ?????(Kurdish) Flag Coat of arms Motto:???? ????(Arabic) "Allahu Akbar"(transliteration) "God is the Greatest" Anthem:"Mawtini""?????" "My Homeland" Baghdad
Population 37,202,572
Area 437,072  km2 (168,754 sq mi)
km2 (58th)
Currency Iraqi dinar
GDP
Languages, Arabic, Kurdish

Iraq: Imports Profile

Imports from Iraq

Imports from Iraq: $45.2 billion
Import commodities:Food, medicine, manufactures
Top import destinations:Turkey 20.3%, Syria 19.2%, China 18.8%, United States 4.7%, Russia 4.3% (2015)
GDP growth (annual %)

Importing from Iraq? Contact our local experts

Country Profile

CapitalRepublic of Iraq ??????? ??????(Arabic) ?????? ?????(Kurdish) Flag Coat of arms Motto:???? ????(Arabic) "Allahu Akbar"(transliteration) "God is the Greatest" Anthem:"Mawtini""?????" "My Homeland" Baghdad
Population 37,202,572
Area 437,072  km2 (168,754 sq mi)
km2 (58th)
Currency Iraqi dinar
GDP
Languages, Arabic, Kurdish

$90.3M

Exports 113th of 120
2000
2016
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