Iraq's merchandise exports by the reporting economy (current US$) was US$107.39 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 26.59% from US$84.84 billion in 2013 (2.39% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$107.39 billion | 2023 |
| Five years earlier | US$92.44 billion | 2018 |
| Ten years earlier | US$84.84 billion | 2013 |
| Highest | US$126.02 billion | 2022 |
| Lowest | US$383.57 million | 1994 |
| Average since 2014 | US$80.14 billion | 2014–2023 |
| First recorded | US$581.2 million |
What the numbers say
In 2023, Iraq's merchandise exports by the reporting economy (current US$) fell 14.8% on 2022 (from US$126.02 billion to US$107.39 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +34.1% and a typical year strayed about 89% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 460.5% in 1997 and the biggest yearly fall was 95.1% in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about US$5.53 billion a year. A straight line explains 45% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Iraq had the 37th highest value of the 205 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Iraq | US$107.39 billion | 2023 |
| World | US$22.82 trillion | 2023 |
| Upper middle income | US$6.77 trillion | 2023 |
Closest to Iraq in the 2023 ranking
- Hungary — 34th of 205: US$158.04 billion
- Denmark — 35th of 205: US$129.43 billion
- Slovak Republic — 36th of 205: US$117.45 billion
- South Africa — 38th of 205: US$103.34 billion
- Romania — 39th of 205: US$100.27 billion
- Qatar — 40th of 205: US$97.06 billion
What this measures
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | Merchandise exports by the reporting economy (current US$) |
|---|---|
| 2023 | 107,392,352,734 |
| 2022 | 126,017,132,040 |
| 2021 | 83,341,839,299 |
| 2020 | 59,754,016,565 |
| 2019 | 87,157,938,362 |
| 2018 | 92,435,672,721 |
| 2017 | 65,510,451,906 |
| 2016 | 46,434,902,178 |
| 2015 | 51,480,156,974 |
| 2014 | 81,894,673,363 |
Merchandise exports by the reporting economy (current US$) in nearby economies
- Afghanistan — US$438.77 million (2023)
- Algeria — US$54.86 billion (2023)
- Bahrain — US$12.27 billion (2023)
- Djibouti — US$4.79 billion (2023)
- Egypt, Arab Rep. — US$38.98 billion (2023)
- Iran, Islamic Rep. — US$14.07 billion (2023)
- Israel — US$59.13 billion (2023)
- Jordan — US$11.12 billion (2023)
- Kuwait — US$5.92 billion (2023)
More private sector & trade data for Iraq
- Merchandise trade (% of GDP) — 70.02% (2025)
- Merchandise imports (current US$) — US$85.19 billion (2025)
- Merchandise exports (current US$) — US$92.91 billion (2025)
- Merchandise imports from economies in the Arab World (% of total merchandise imports) — 8.71% (2023)
- Merchandise imports from high-income economies (% of total merchandise imports) — 26.9% (2023)
- Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 68.23% (2023)
- Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) — 31.77% (2023)
- Merchandise imports from low- and middle-income economies in Middle East & North Africa (% of total merchandise imports)
Reading data like this
Questions people ask
- What is Iraq's merchandise exports by the reporting economy (current US$)?
- US$107.39 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 18,378% from US$581.2 million in 1960 (8.64% a year on average, compounded). The highest value was US$126.02 billion in 2022 and the lowest US$383.57 million in 1994.
- How does Iraq rank?
- 37th highest of 205 economies with data for 2023.
- Is the latest change in merchandise exports by the reporting economy (current US$) unusual for Iraq?
- In 2023, Iraq's merchandise exports by the reporting economy (current US$) fell 14.8% on 2022 (from US$126.02 billion to US$107.39 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +34.1% and a typical year strayed about 89% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator TX.VAL.MRCH.WL.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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