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Iraq

Iraq ranked No. 38 in total trade value through October with a total of $11.8 billion. Exports totaled $1.14 billion and Imports totaled $10.66 billion, a deficit of $9.51 billion.

January – October 2018

Top Trading Ports

Total Trade: $11.8 billion

RankPortTotal YTD
1Port of Morgan City, La. $3,658,675,343
2Port of Houston $1,343,792,882
3Port of Corpus Christi, Texas $1,182,488,150
4Port of Long Beach $898,300,803
5Port of Mobile, Ala. $774,556,863
6Port of Texas City, Texas $654,455,714
7Port of Wilmington, Dela. $550,070,336
8Port of Philadelphia $390,334,155
9Port of Los Angeles $388,150,529
10Port of Port Arthur, Texas $359,864,225

U.S. trade with Iraq rose to $11.8 billion through October

Iraq’s trade with the United States rose to $11.8 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 21.7 percent above its total trade during the same time period last year. Iraq’s exports increased 15.1 percent while imports rose 22.46 percent. The U.S. deficit with Iraq was $9.51 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Morgan City, La.; No. 2 Port of Houston; No. 3 Port of Corpus Christi, Texas; No. 4 Port of Long Beach; and No. 5 Port of Mobile, Ala.. During the same period the previous year, the top five were No. 1 Port of Morgan City, La. No. 2 Port of Port Arthur, Texas No. 3 Port of Houston No. 4 Port of Long Beach and No. 5 Port of Mobile, Ala.. In the current time period, the top five accounted for 66.59 percent of Iraq’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Morgan City, La. rose 76.12 percent to $3.66 billion.
    There were no exports. Imports rose 76.12 percent to $3.66 billion.
  • Trade with No. 2 Port of Houston rose 5.26 percent to $1.34 billion.
    Exports rose 25.65 percent to $227.7 million. Imports rose 1.89 percent to $1.12 billion.
  • Trade with No. 3 Port of Corpus Christi, Texas rose 126.5 percent to $1.18 billion.
    Exports totaled $16.8 million. Imports rose 123.28 percent to $1.17 billion.
  • Trade with No. 4 Port of Long Beach rose 24.58 percent to $898.3 million.
    Exports fell 27.3 percent to $12.09 million. Imports rose 25.8 percent to $886.21 million.
  • Trade with No. 5 Port of Mobile, Ala. rose 10.8 percent to $774.56 million.
    Exports fell 22.54 percent to $1.04 million. Imports rose 10.87 percent to $773.51 million.

Iraq ranked No. 38 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 41.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Iraq by value through October were the categories of Wheat; Motor vehicles for transporting people; Bombs, grenades, cartridges, parts; Rice; and Compressors and pumps, respectively. They accounted for 46.26 percent of total exports to Iraq.

The value of the top five categories of U.S. imports from Iraq –– Oil; Gasoline, other fuels; Vegetable extracts, pectates, agar, etc.; Miscellaneous electrical machinery; and Salvage –– accounted for 99.99 percent of all inbound shipments.

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

  • Wheat rose 1849.68 percent compared to last year to $198.12 million.
  • Motor vehicles for transporting people rose 21.49 percent compared to last year to $143.07 million.
  • Bombs, grenades, cartridges, parts rose 995.68 percent compared to last year to $85.54 million.
  • Rice rose 197.44 percent compared to last year to $57.39 million.
  • Compressors and pumps rose 1369.41 percent compared to last year to $44.58 million.

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

  • Oil rose 22.58 percent compared to last year to $10.6 billion.
  • Gasoline, other fuels rose 13.42 percent compared to last year to $58.97 million.
  • Vegetable extracts, pectates, agar, etc. fell 54.09 percent compared to last year to $408,180.
  • Miscellaneous electrical machinery totaled $185,000. The previous year, there were no imports in this category.
  • Salvage fell 57.88 percent compared to last year to $154,022.

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.