Iraq Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
Iraq's trade balance was $33.3B in 2025, ranked 19th globally. This represents a 176.9% increase from 2024. Data from World Bank, covering 1970–2025.
Overview
Iraq's trade balance stood at $33.3B in 2025, a rise of +$21.3B from 2024. Based on recent trends, this figure is projected to reach $33.3B by 2025. Iraq ranked 19th globally.
Iraq’s trade balance has risen dramatically over the 56‑year series, moving from a modest surplus of 562,519,774.99 in 1970 to a 2025 surplus of 33,340,450,658.66, ranking it 19th globally. The apex of this upward trajectory occurred in 2022 when the surplus peaked at 58,316,729,655.17, while the deepest deficit was recorded in 1982 at –16,989,666,666.67, reflecting the combined impact of war‑related disruptions and oil price volatility. Compared with peers of similar rank, Iraq’s 2025 surplus is slightly below Indonesia’s 33,990,113,800.64 and Korea’s 32,430,770,926.18, suggesting a competitive position among emerging exporters despite ongoing geopolitical risks. The sustained expansion of oil‑related exports and gradual diversification into non‑oil sectors have underpinned the recent gains. If global oil demand remains robust and Iraq continues to broaden its export basket, the trade balance is likely to maintain an upward trend, though sharp shifts in energy markets could alter the trajectory.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $39.5B | - | - |
| 2026* trend | $36.4B | - | - |
| 2025* trend | $33.3B | - | - |
| 2025 | $33.3B | +$21.3B | #19 |
| 2024 | $12.0B | −$14.3B | #126 |
| 2023 | $26.4B | −$32.0B | #150 |
| 2022 | $58.3B | +$30.8B | #167 |
| 2021 | $27.6B | +$31.6B | #162 |
| 2020 | $-4.1B | −$20.7B | #34 |
| 2019 | $16.6B | −$19.3B | #156 |
| 2018 | $35.9B | +$20.9B | #168 |
| 2017 | $15.1B | +$12.4B | #160 |
| 2016 | $2.7B | +$3.7B | #146 |
| 2015 | $-939.7M | −$21.3B | #83 |
| 2014 | $20.3B | −$7.6B | #159 |
| 2013 | $28.0B | −$5.6B | #161 |
| 2012 | $33.6B | +$2.6B | #162 |
| 2011 | $31.0B | +$23.6B | #161 |
Detected Pattern
Analysis
Iraq matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
Iraq's trade balance was $33.3B in 2025. Ranked 19th globally. This represents a 176.9% increase from the previous year.
Iraq's trade balance peaked at $58.3B in 2022.
The lowest trade balance in Iraq was $-17.0B in 1982.
Iraq ranks 19th globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
Iraq's trade balance is projected to reach $33.3B by 2025 based on trend extrapolation.
Iraq's trade balance was approximately 33.34 billion ($33.3B) in 2025.
The trade balance of Iraq in 2025 was $33.3B. This ranks 19th in the world.
Cite this page
@misc{historysaid_iraq_trade-balance,
title = {Iraq Trade Balance},
url = {https://historysaid.com/iraq/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}