IRAQ

In 2019 Iraq was the number 48 economy in the world in terms of GDP (current US$), the number 40 in total exports, the number 52 in total imports, the number 100 economy in terms of GDP per capita (current US$) and the number 97 most complex economy according to the Economic Complexity Index (ECI). Iraq is relatively open to foreign trade, which represents more than 76% of the country's GDP (World Bank, 2019). The Iraqi government’s new trade policy aims to integrate the country’s economy into regional and international markets and consequently the country has very few trade barriers. In 2019 Iraq GDP estimated 23,409.4 crores USD and it is showing 2% of growth in 2021. The agriculture sector contribution in the GDP is approx. 3.3%. In 2019 Iraq imported $49.7B, making it the number 52 trade destination in the world. The most common import partners for Iraq are United Arab Emirates ($13.7B), Turkey ($10.2B), China ($9.47B), India ($2.02B), and South Korea ($1.95B). In the total import of Iraq India contribute is 4.06%.

The top imports of Iraq are Refined Petroleum ($3.86B), Broadcasting Equipment ($3.25B), Cars ($2.52B), Jewellery($2.51B), and Rolled Tobacco ($1.28B). In 2019, Iraq was the world's biggest importer of Wheat Flours($469M).