Merchandise Trade Balance in Iraq
In the year 2023, the merchandise trade balance in Iraq was USD 43.20 billion, compared to USD 36.77 billion in 2013 and USD 71.13 billion in 2022. It averaged USD 32.64 billion over the last decade. For more trade information, visit our dedicated page.
Iraq Trade Chart
Note: This chart displays Trade Balance (USD billion) for Iraq from 2023 to 2022.
Source: Macrobond.
Iraq Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 32.2 | 5.8 | 38.4 | 71.1 | 43.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Iraqi trade projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Iraqi trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Iraqi trade projections.
Want to get access to the full dataset of Iraqi trade forecasts? Send an email to info@focus-economics.com.