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Iraq

Iraq ranked No. 49 in total trade value through August with a total of $5.65 billion. Exports totaled $857.42 million and Imports totaled $4.79 billion, a deficit of $3.94 billion.

January – August 2019

Top Trading Ports

Total Trade: $5.65 billion

RankPortTotal YTD
1Port of Corpus Christi, Texas $875,992,961
2Port of Long Beach $764,356,196
3Port of Houston $640,854,978
4Port of Port Arthur, Texas $540,916,094
5Port of Morgan City, La. $505,366,420
6Port of Richmond, Calif. $482,334,451
7Port of Los Angeles $464,846,632
8Port of Texas City, Texas $223,980,252
9Port of Mobile, Ala. $205,439,654
10Port of Wilmington, Dela. $155,613,302

U.S. trade with Iraq rose to $5.65 billion through August

Iraq’s trade with the United States rose to $5.65 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 42.27 percent below its total trade during the same time period last year. U.S. exports to Iraq decreased 8.29 percent while U.S. imports from Iraq fell 45.86 percent. The U.S. deficit with Iraq was $3.94 billion.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Corpus Christi, Texas; No. 2 Port of Long Beach; No. 3 Port of Houston; No. 4 Port of Port Arthur, Texas; and No. 5 Port of Morgan City, La.. 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 Long Beach. In the current time period, the top five accounted for 58.87 percent of Iraq’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Corpus Christi, Texas rose 0.2 percent to $875.99 million.
    There were no exports. Imports rose 2.16 percent to $875.99 million.
  • Trade with No. 2 Port of Long Beach rose 2.82 percent to $764.36 million.
    Exports fell 38.95 percent to $6.86 million. Imports rose 3.46 percent to $757.49 million.
  • Trade with No. 3 Port of Houston fell 43.44 percent to $640.85 million.
    Exports fell 21.5 percent to $164.42 million. Imports fell 48.42 percent to $476.43 million.
  • Trade with No. 4 Port of Port Arthur, Texas rose 67 percent to $540.92 million.
    There were no exports. Imports rose 67 percent to $540.92 million.
  • Trade with No. 5 Port of Morgan City, La. fell 82.42 percent to $505.37 million.
    There were no exports. Imports fell 82.42 percent to $505.37 million.

Iraq ranked No. 49 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 37.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Iraq by value through August were the categories of Cranes, derricks, industrial-use vehicles; Wheat; Rice; Motor vehicles for transporting people; and Power supplies, transformers, respectively. They accounted for 38.61 percent of total exports to Iraq.

The value of the top five categories of U.S. imports from Iraq –– Oil; Value added to a returned import; Paintings, drawings and other artwork; Collectors items of historic or botanic interest; and Salvage –– accounted for 99.99 percent of all inbound shipments.

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

  • Cranes, derricks, industrial-use vehicles rose 842.64 percent compared to last year to $126.69 million.
  • Wheat fell 17.52 percent compared to last year to $107.8 million.
  • Rice fell 24.43 percent compared to last year to $43.37 million.
  • Motor vehicles for transporting people fell 79.68 percent compared to last year to $28.4 million.
  • Power supplies, transformers rose 357.94 percent compared to last year to $24.8 million.

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

  • Oil fell 45.77 percent compared to last year to $4.77 billion.
  • Value added to a returned import totaled $23.05 million. The previous year, there were no imports in this category.
  • Paintings, drawings and other artwork rose 185.17 percent compared to last year to $380,839.
  • Collectors items of historic or botanic interest rose 589.13 percent compared to last year to $306,173.
  • Salvage rose 17.11 percent compared to last year to $141,570.

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.