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Iraq

Iraq ranked No. 46 in total trade value through February with a total of $1.68 billion. Exports totaled $193.62 million and Imports totaled $1.49 billion, a deficit of $1.3 billion.

January – February 2019

Top Trading Ports

Total Trade: $1.68 billion

RankPortTotal YTD
1Port of Port Arthur, Texas $353,391,883
2Port of Morgan City, La. $306,626,482
3Port of Corpus Christi, Texas $263,868,798
4Port of Houston $232,807,191
5Port of Los Angeles $183,740,547
6Port of Texas City, Texas $109,185,453
7Port of Long Beach $49,686,881
8Port of Wilmington, Dela. $25,778,387
9Carquinez Strait, Calif. $22,876,581
10Port of Lake Charles, La. $15,454,424

U.S. trade with Iraq rose to $1.68 billion through February

Iraq’s trade with the United States rose to $1.68 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 36.32 percent below its total trade during the same time period last year. Iraq’s exports decreased 11.12 percent while imports fell 38.58 percent. The U.S. deficit with Iraq was $1.3 billion.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Port Arthur, Texas; No. 2 Port of Morgan City, La.; No. 3 Port of Corpus Christi, Texas; No. 4 Port of Houston; and No. 5 Port of Los Angeles. During the same period the previous year, the top five were No. 1 Port of Morgan City, La. No. 2 Port of Houston No. 3 Port of Corpus Christi, Texas No. 4 Port of Mobile, Ala. and No. 5 Port of Richmond, Calif.. In the current time period, the top five accounted for 79.58 percent of Iraq’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Port Arthur, Texas rose 414.6 percent to $353.39 million.
    There were no exports. Imports rose 414.6 percent to $353.39 million.
  • Trade with No. 2 Port of Morgan City, La. fell 66.57 percent to $306.63 million.
    There were no exports. Imports fell 66.57 percent to $306.63 million.
  • Trade with No. 3 Port of Corpus Christi, Texas rose 24.44 percent to $263.87 million.
    There were no exports. Imports rose 24.44 percent to $263.87 million.
  • Trade with No. 4 Port of Houston fell 42.92 percent to $232.81 million.
    Exports fell 61.99 percent to $25.8 million. Imports fell 39.12 percent to $207.01 million.
  • Trade with No. 5 Port of Los Angeles rose 67.35 percent to $183.74 million.
    Exports fell 53.82 percent to $2.91 million. Imports rose 74.71 percent to $180.84 million.

Iraq ranked No. 46 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 35.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Iraq by value through February were the categories of Wheat; Cranes, derricks, industrial-use vehicles; Rice; Tanks, armored fighting vehicles, parts; and Power supplies, transformers, respectively. They accounted for 41.05 percent of total exports to Iraq.

The value of the top five categories of U.S. imports from Iraq –– Oil; Paintings, drawings and other artwork; Salvage; Misc. cereal grains; and Fruit, nuts, prepared or preserved –– accounted for 100 percent of all inbound shipments.

Looking more closely at U.S. exports to Iraq:

  • Wheat fell 27.74 percent compared to last year to $27.68 million.
  • Cranes, derricks, industrial-use vehicles rose 5169.83 percent compared to last year to $18.73 million.
  • Rice fell 58.16 percent compared to last year to $15.45 million.
  • Tanks, armored fighting vehicles, parts rose 15346 percent compared to last year to $10.23 million.
  • Power supplies, transformers rose 2419.73 percent compared to last year to $7.39 million.

Looking more closely at U.S. imports from Iraq:

  • Oil fell 37.8 percent compared to last year to $1.49 billion.
  • Paintings, drawings and other artwork totaled $85,666. The previous year, there were no imports in this category.
  • Salvage fell 7.41 percent compared to last year to $42,531.
  • Misc. cereal grains rose 174.17 percent compared to last year to $41,125.
  • Fruit, nuts, prepared or preserved rose 185.48 percent compared to last year to $31,680.

In the latest annual figures available, Iraq recorded $11.94 billion in trade with the United States. At year’s end, its were Houston; New Orleans; Port Arthur, Texas; Philadelphia; and Los Angeles. Total U.S. exports to Iraq were $ 1.2 billion and imports from Iraq were $10.75 billion. The U.S. deficit with Iraq was $9.55 billion.