Trade in goods with USA SITC (Standard International Trade Classification)
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Iraq trade flows with USA by SITC*) product sections during 2020/3 - 2020/7

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2020/3
%
2020/4
%
2020/5
%
2020/6
%
2020/7
%
Export0.10.10.00.10.1
Import0.20.10.30.10.1
Trade in Goods0.20.10.20.10.1

USA's foreign trade with Iraq, exports to Iraq and imports from Iraq in Juli 2020


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In Juli Iraq was USA's 71. largest foreign trade partner. Rise from the previous month 2 places. $198 million worth of trade was 74.9 per cent lower than in Juli of the previous year. In Juli the trade balance with Iraq was $81 million in deficit for United States of America.

The value of imports from Iraq decreased strongly, by 80.2 per cent compared to in Juli of the previous year. The import amounted to $140 million in Juli 2020. More than half of the value of imports was in Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude) representing a share of 99.9 per cent.

The value of exports to Iraq declined by 30.5 per cent compared to in Juli of the previous year, thus amounting to $58 million in Juli 2020. The largest product groups of exports were: Sitc874 (measuring, checking, analysing and controlling instruments and apparatus, n.e.s.), which represented a share of 16.9 per cent of total exports, Sitc723 (civil engineering and contractors' plant and equipment; parts thereof) 10.2 % and Sitc714 (engines and motors, non-electric (other than those of groups 712, 713 and 718); parts, n.e.s., of these engines and motors) 8.0 % of the exports.

Development during January-Juli 2020

During January-Juli, trade in goods between the two countries declined sharply (-43.5 %) over the same period last year. The value of the trade was $2.8 billion. During January-Juli the value of imports was $2.4 billion. The export value was $444 million. Compared to the corresponding period in 2019, the value of both imports and exports decreased significantly. The decline in imports was -45.3 % and in the value of exports -31.6 %. The largest value in imports was in Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude), worth $2.3 billion. In export the largest value had Sitc714 (engines and motors, non-electric (other than those of groups 712, 713 and 718); parts, n.e.s., of these engines and motors), worth being $34 million. From USA's point of view, the trade balance between the countries in January-Juli remained in deficit. The trade deficit was $1.9 billion. The trade deficit narrowed compared to the corresponding period in 2019. At that time, the deficit was $3.7 billion.


Table: USA's export to Iraq (IQ) during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 3,1 3.9 3,10 6.4 5,7 12.5 3,2 4.8 3,1 5.3
01. Meat and meat preparations 1,7 2.1 2,9 4.7 4,5 9.9 2,4 3.6 2,7 4.5
05. Vegetables and fruit 0,8 0.9 0,6 0.9 0,5 1.1 0,4 0.5 0,1 0.1
2. Crude materials,inedible,except fuels 1,2 1.4 0,7 1.0 0,4 0.8 0,7 0.9 0,6 1.0
25. Pulp and waste paper 0,6 0.7 0,6 0.9 0 0.0 0,4 0.5 0,4 0.5
3. Mineral fuels etc 1,1 1.4 0,2 0.3 0,2 0.3 0,3 0.3 0,2 0.3
33. Petroleum and products 1,1 1.4 0,2 0.3 0,2 0.3 0,3 0.3 0,2 0.3
5. Chemicals and related products,n.e.s. 5,8 7.4 5,1 8.3 6,5 14.3 6,6 9.9 4,9 8.3
53. Dyeing,tanning and colouring material 0,4 0.4 1,7 2.7 0,1 0.0 0,1 0.0 0,3 0.4
54. Medicinal and pharmaceutical products 1,6 2.0 2,1 3.4 4,7 10.3 2,5 3.7 1,9 3.3
55. Perfume,cleaning etc.preparations 0,7 0.8 0,6 1.0 0,7 1.4 0,8 1.1 0,4 0.7
57. Plastics in primary forms 0,1 0.1 0,3 0.4 0,4 0.7 1,3 1.8 1,3 2.1
59. Chemical materials and products,n.e.s. 2,9 3.6 0,3 0.4 0,7 1.5 2,1 3.1 0,10 1.6
6. Basic manufactures 2,4 3.0 0,9 1.5 1,9 4.0 3,8 5.6 2,3 3.9
62. Rubber manufactures,n.e.s. 0,1 0.1 0,1 0.1 0,2 0.2 0,2 0.3 0,7 1.1
65. Textile yarn,fabrics,made up articles,etc. 0,1 0.1 0,2 0.2 0,3 0.4 0,6 0.9 0,1 0.1
67. Iron and steel 0,8 0.9 0,3 0.4 0,5 0.9 0,9 1.2 0,8 1.3
69. Manufactures of metals,n.e.s. 1,4 1.7 0,5 0.7 1,1 2.4 2,1 3.1 0,8 1.2
7. Machinery,transport equipment 54,0 68.6 42,4 69.4 25,4 56.5 45,5 68.6 30,4 52.2
71. Power generating machinery and equipment 10,8 13.7 12,8 20.9 1,8 3.9 15,3 23.0 5,9 10.0
72. Machinery for specialized industries 8,3 10.5 13,6 22.2 5,0 11.0 6,2 9.2 7,10 13.6
73. Metal working machinery 1,2 1.5 0,1 0.1 0,3 0.6 0,1 0.1 0,3 0.4
74. General industrial machinery n.e.s. 7,7 9.8 4,0 6.5 4,5 10.0 10,2 15.3 2,5 4.2
75. Office machines and adp machines 1,3 1.6 1,3 2.0 0,3 0.6 0,8 1.1 2,4 4.0
76. Telecommunications and sound recording equipment 2,9 3.6 0,6 0.9 2,8 6.1 1,10 2.9 1,9 3.2
77. Electric machinery,n.e.s.and parts 6,10 8.8 2,6 4.1 4,1 9.1 2,10 4.4 2,4 4.0
78. Road vehicles 7,5 9.5 5,7 9.2 4,9 10.9 4,6 6.8 3,7 6.2
79. Other transport equipment 7,7 9.7 2,1 3.4 1,9 4.2 3,8 5.6 3,7 6.3
8. Miscellaneous manufactured articles 9,9 12.5 7,2 11.7 3,5 7.7 5,6 8.3 15,8 27.0
87. Instruments and apparates n.e.s. 8,9 11.2 6,8 11.0 2,8 6.2 4,6 6.9 15,3 26.1
89. Miscellaneous manufactured articles,n.e.s. 0,8 0.9 0,3 0.3 0,5 1.1 0,5 0.7 0,4 0.6
9. Goods not classified elsewhere 1,4 1.7 0,9 1.4 1,8 3.8 0,10 1.4 0,8 1.3
93. Special transactions and commodities not classified 0,4 0.5 0,1 0.0 1,2 2.5 0,1 0.1 0 0.0
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 0,10 1.2 0,9 1.3 0,7 1.4 0,9 1.3 0,8 1.3
0-9. All groups combined 78,7 100.0 61,1 100.0 44,9 100.0 66,3 100.0 58,3 100.0

Source: US Census Bureau

Table: Import from Iraq (IQ) to USA during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
3. Mineral fuels etc 439,8 100.0 236,9 100.0 443,1 100.0 91,1 99.9 139,6 99.9
33. Petroleum and products 439,8 100.0 236,9 100.0 443,1 100.0 91,1 99.9 139,6 99.9
0-9. All groups combined 439,9 100.0 236,9 100.0 443,1 100.0 91,2 100.0 139,7 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2020 January - Juli (Sitc)

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