Iraq's export trade with US surpasses $7B
2025-04-05 14:51
Shafaq News/ Iraq's annual exports to the United States exceed $7 billion, the US Census Bureau announced on Saturday.
In an official report, the Bureau revealed that Iraq's exports to the US totaled $7.42 billion annually, noting that Iraq faces a 39% customs tariff imposed by the US on its goods.
It also pointed out that Iraq’s share of total US imports from around the world is a modest 0.22%, while the trade balance between the two countries stands at $5.70 billion.
The trade balance reflects the difference between the value of a country's exports and imports. When exports surpass imports, the result is a trade surplus, leading to a positive trade balance.
