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Iraq

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U.S.-Iraq Trade Facts

Iraq is currently our 32nd largest goods trading partner with $21.3 billion in total (two way) goods trade during 2012.  Goods exports totaled $2.1 billion; goods imports totaled $19.3 billion. The U.S. goods trade deficit with Iraq was $17.2 billion in 2012, due almost exclusively to U.S. imports of petroleum.

Exports

Iraq was the United States’ 59th largest goods export market in 2012.

U.S. goods exports to Iraq in 2012 were $2.1 billion, a $300 million decrease from 2011. U.S. goods exports to Iraq from January to June 2013 totaled $1.1 billion.

The top non-agricultural export categories (2-digit HS) in 2012 were: Machinery ($589 million), Aircraft ($358 million), Vehicles ($311 million), Electrical machinery ($205 million); Optic and Medical Instruments ($201 million); Special Other Category (low value shipments and repaired products) ($57 million); and Iron and Steel products ($43 million).

U.S. exports of agricultural products to Iraq totaled $145 million in 2012.  The leading categories of U.S. exports were: Poultry Meat ($84 million) and Wheat ($57 million).

Imports

Iraq was the United States’ 25th largest supplier of goods imports in 2012.

U.S. goods imports from Iraq totaled $19.3 billion in 2012, an increase of $2.3 billion from 2011.  U.S. goods imports from Iraq from January to June 2013 totaled $7.7 billion.

The top import category of non-agricultural goods in 2012 was: Mineral Fuels, Oils ($19.3 billion).

U.S. imports of agricultural products from Iraq totaled $945 thousand in 2012.   

Trade Balance

The U.S. goods trade deficit with Iraq was $17.2 billion in 2012, an increase of $2.7 billion from the deficit in 2011.

Investment

U.S. FDI (stock) in Iraq is $1.2 billion.

Information is not available about Iraqi FDI in the United States.