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Iraq - Trade Balance 2004

Name: Iraq Trade Balance 2004
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-2.8B −$2.9B from 2003 Global rank: 24th

Iraq's trade balance was $-2.8B in 2004, decreased +$2.9B from $120.8M in 2003. This was the 24th highest globally.

Global Ranking - 2004▾

Trade Balance by Country - 2004
Rank	Country	Value	YoY
1st	United States	$-634.1B	-21.5%
2nd	United Kingdom	$-56.4B	-28.3%
3rd	Spain	$-39.6B	-97.9%
4th	Greece	$-20.2B	-1.2%
5th	Australia	$-16.5B	-69.0%
6th	Mexico	$-15.0B	-41.3%
7th	Portugal	$-14.9B	-40.9%
8th	India	$-12.7B	-199.1%
9th	Poland	$-7.3B	-22.4%
10th	Romania	$-6.9B	-52.9%
11th	Serbia	$-6.3B	-87.2%
12th	Viet Nam	$-6.2B	-41.8%
13th	Türkiye	$-5.3B	-7,992.6%
14th	Hungary	$-4.7B	-33.6%
15th	Lebanon	$-4.4B	-6.6%
16th	Bosnia and Herzegovina	$-3.7B	-11.5%
17th	Guatemala	$-3.6B	-14.8%
18th	Croatia	$-3.6B	2.3%
19th	Jordan	$-3.5B	-61.5%
20th	Philippines	$-3.3B	-27.8%
21st	Morocco	$-3.2B	-85.6%
22nd	Bangladesh	$-3.0B	-3.0%
23rd	Bulgaria	$-2.9B	-35.5%
24th	Iraq	$-2.8B	-2,433.3%
25th	Colombia	$-2.7B	14.6%
26th	Pakistan	$-2.6B	-619.6%
27th	West Bank and Gaza	$-2.5B	-26.9%
28th	El Salvador	$-2.5B	-13.6%
29th	Latvia	$-2.2B	-50.0%
30th	Azerbaijan	$-2.1B	-21.3%
31st	Ghana	$-1.9B	-53.9%
32nd	Sri Lanka	$-1.8B	-60.1%
33rd	Honduras	$-1.7B	-42.7%
34th	Albania	$-1.6B	-14.3%
35th	Lithuania	$-1.6B	-46.9%
36th	Senegal	$-1.6B	-23.5%
37th	Mozambique	$-1.5B	5.2%
38th	Belarus	$-1.5B	-115.8%
39th	Iran, Islamic Republic of	$-1.5B	32.3%
40th	Nicaragua	$-1.2B	-10.5%
41st	North Macedonia	$-1.1B	-41.9%
42nd	Egypt, Arab Republic of	$-1.1B	48.4%
43rd	Haiti	$-1.0B	-9.6%
44th	Kenya	$-1.0B	-13.4%
45th	Estonia	$-949.8M	-13.8%
46th	Guam	$-939.0M	8.2%
47th	Nepal	$-929.7M	-14.3%
48th	Slovak Republic	$-877.4M	-321.1%
49th	New Caledonia	$-860.3M	15.3%
50th	Georgia	$-860.2M	-46.4%
51st	Uganda	$-799.2M	12.4%
52nd	Israel	$-793.2M	59.9%
53rd	Tunisia	$-788.7M	16.1%
54th	Moldova	$-787.6M	-18.9%
55th	Iceland	$-775.9M	-129.7%
56th	Burkina Faso	$-747.9M	-32.3%
57th	Mauritania	$-677.6M	-93.5%
58th	Eritrea	$-599.1M	-12.6%
59th	Armenia	$-596.9M	-11.4%
60th	Cambodia	$-571.5M	2.5%
61st	Panama	$-544.8M	-300.4%
62nd	Madagascar	$-499.4M	-18.0%
63rd	Slovenia	$-498.0M	-429.4%
64th	Sudan	$-488.0M	-18.1%
65th	Mali	$-414.5M	-29.9%
66th	Zimbabwe	$-412.3M	-27.1%
67th	Timor-Leste	$-407.2M	23.5%
68th	Congo, Democratic Republic of	$-399.3M	25.9%
69th	Lao PDR	$-384.7M	-40.1%
70th	Malta	$-347.6M	-75.2%
71st	Cabo Verde	$-347.4M	-18.5%
72nd	Togo	$-342.2M	-28.2%
73rd	Montenegro	$-333.1M	-19.1%
74th	South Africa	$-328.8M	-107.9%
75th	Niger	$-317.6M	-36.9%
76th	Rwanda	$-301.2M	-2.4%
77th	Sierra Leone	$-286.6M	26.8%
78th	Tanzania	$-253.2M	-533.9%
79th	Zambia	$-232.2M	56.7%
80th	Tajikistan	$-225.2M	-47.6%
81st	Bhutan	$-218.8M	-39.1%
82nd	Mongolia	$-194.3M	21.9%
83rd	Kyrgyz Republic	$-192.5M	-52.7%
84th	Benin	$-178.0M	23.1%
85th	Greenland	$-174.6M	4.3%
86th	Costa Rica	$-156.5M	54.3%
87th	Micronesia, Federated States of	$-151.0M	-7.1%
88th	Namibia	$-149.8M	66.6%
89th	Cameroon	$-139.8M	36.1%
90th	Mauritius	$-119.9M	-208.7%
91st	Comoros	$-112.6M	-13.9%
92nd	American Samoa	$-110.0M	-80.3%
93rd	Faroe Islands	$-103.7M	53.1%
94th	Guinea-Bissau	$-100.9M	-28.6%
95th	Gambia, The	$-84.1M	-158.9%
96th	Tonga	$-80.4M	-15.4%
97th	Kiribati	$-80.2M	-17.1%
98th	Guyana	$-75.6M	-3.8%
99th	Marshall Islands	$-71.0M	4.3%
100th	Aruba	$-69.9M	53.4%
101st	Central African Republic	$-66.8M	-2,527.8%
102nd	Solomon Islands	$-61.1M	-22.3%
103rd	Samoa	$-58.7M	-25.1%
104th	Guinea	$-43.3M	-262.8%
105th	Seychelles	$-33.7M	-172.3%
106th	Vanuatu	$-27.4M	-73.7%
107th	Belize	$-25.4M	62.8%
108th	Cyprus	$-21.5M	-109.7%
109th	Turkmenistan	$4.6M	-96.1%
110th	Chad	$11.0M	101.2%
111th	Bahamas, The	$38.8M	-21.5%
112th	Yemen, Republic of	$127.3M	171.9%
113th	Dominican Republic	$210.6M	785.7%
114th	Cuba	$279.7M	214.0%
115th	Northern Mariana Islands	$281.0M	-18.3%
116th	New Zealand	$298.5M	-80.8%
117th	Uruguay	$376.1M	0.5%
118th	Bolivia, Plurinational State of	$422.2M	781.7%
119th	Côte d'Ivoire	$508.8M	-43.3%
120th	Papua New Guinea	$520.2M	-4.4%
121st	Virgin Islands (US)	$685.0M	26.2%
122nd	Syrian Arab Republic	$698.2M	11.5%
123rd	Botswana	$737.2M	-17.0%
124th	Ecuador	$747.8M	82.1%
125th	Czechia	$750.9M	149.4%
126th	Uzbekistan	$840.2M	37.8%
127th	Paraguay	$1.1B	7.2%
128th	Congo, Republic of	$1.4B	728.6%
129th	Bahrain	$2.2B	22.0%
130th	Gabon	$2.2B	43.4%
131st	Peru	$2.6B	992.2%
132nd	Brunei Darussalam	$2.6B	32.8%
133rd	Oman	$3.1B	-15.6%
134th	Angola	$3.2B	249.2%
135th	Kazakhstan	$3.7B	123.9%
136th	Macao SAR, China	$4.3B	50.1%
137th	Ukraine	$5.0B	283.8%
138th	Luxembourg	$7.8B	26.9%
139th	Thailand	$7.8B	-19.0%
140th	Austria	$8.9B	22.8%
141st	Chile	$9.4B	177.3%
142nd	Libya	$10.4B	64.7%
143rd	Italy	$10.6B	48.1%
144th	Argentina	$11.5B	-19.4%
145th	Indonesia	$12.0B	-30.4%
146th	Qatar	$12.0B	54.1%
147th	Finland	$12.4B	9.5%
148th	Algeria	$14.2B	42.2%
149th	Denmark	$14.2B	-4.2%
150th	Kuwait	$14.6B	72.8%
151st	Hong Kong SAR, China	$14.7B	0.3%
152nd	United Arab Emirates	$15.5B	30.9%
153rd	Puerto Rico (US)	$16.2B	-24.5%
154th	Belgium	$18.1B	6.0%
155th	Brazil	$22.8B	84.2%
156th	Malaysia	$25.4B	17.1%
157th	Sweden	$25.8B	44.4%
158th	Korea	$27.1B	154.0%
159th	Ireland	$27.9B	11.9%
160th	France	$28.0B	-9.0%
161st	Switzerland	$28.6B	54.7%
162nd	Singapore	$30.3B	11.2%
163rd	Norway	$35.9B	20.3%
164th	Canada	$45.8B	31.5%
165th	China	$51.2B	42.9%
166th	Netherlands	$54.4B	30.3%
167th	Saudi Arabia	$69.6B	47.4%
168th	Russian Federation	$72.4B	48.0%
169th	Japan	$93.4B	28.7%
170th	Germany	$141.6B	54.3%

FAQ

What was Iraq's trade balance in 2004?▾

Iraq's trade balance in 2004 was $-2.8B. This ranked 24th globally.

How did Iraq's trade balance change in 2004?▾

Iraq's trade balance decreased by 2,433.3% in 2004 compared to 2003.

Which country had the highest trade balance in 2004?▾

Germany had the highest trade balance in 2004 at $141.6B.

What is the trade balance of Iraq in 2004?▾

The trade balance of Iraq in 2004 was $-2.8B. This ranked 24th globally.

How does 2004 compare to 2003 for Iraq's trade balance?▾

Iraq's trade balance went from $120.8M in 2003 to $-2.8B in 2004, a 2,433.3% decrease.

HistorySaid - pattern alert

Iraq matched the Fiscal Dominance Trap pattern in 2004. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 53.2%. View full analysis →

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