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Trade between India and Iraq

In 2024, India exported $3.3 billion to Iraq and imported $29.9 billion. India ran a deficit of $26.6 billion with Iraq, compared with a deficit of $20.1 billion in 2019. Iraq was India’s 6th largest trading partner (3% of its trade), and India was Iraq’s 2nd (21%).

Summary

India → Iraq
$3.3billion
Iraq → India
$29.9billion
India’s balance
-$26.6billion

Balance

India’s trade balance with Iraq

Trade between India and Iraq grew 49,215.8-fold since 1995

USD billions (current). India’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 3.3
  • Imports 29.9
  • Balance -26.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$646 thousand$27 thousand$618 thousand
1996$2 million$44 thousand$2 million
1997$11 million$185 million-$174 million
1998$36 million$151 million-$115 million
1999$50 million$201 million-$151 million
2000$67 million$93 million-$26 million
2001$160 million$0$160 million
2002$251 million$50 thousand$251 million
2003$72 million$9 thousand$72 million
2004$115 million$799 thousand$114 million
2005$131 million$2 million$129 million
2006$212 million$4.5 billion-$4.3 billion
2007$197 million$5.4 billion-$5.2 billion
2008$379 million$9.5 billion-$9.1 billion
2009$532 million$5.8 billion-$5.3 billion
2010$686 million$7.3 billion-$6.6 billion
2011$674 million$17.4 billion-$16.8 billion
2012$1.3 billion$19.5 billion-$18.3 billion
2013$941 million$20.2 billion-$19.3 billion
2014$1.1 billion$16.1 billion-$15 billion
2015$1.1 billion$11.3 billion-$10.2 billion
2016$974 million$10 billion-$9 billion
2017$1.2 billion$15.3 billion-$14.1 billion
2018$1.9 billion$23 billion-$21.2 billion
2019$2 billion$22.1 billion-$20.1 billion
2020$1.5 billion$16.2 billion-$14.7 billion
2021$2 billion$26.6 billion-$24.5 billion
2022$2.5 billion$38.8 billion-$36.3 billion
2023$3.5 billion$29.8 billion-$26.4 billion
2024$3.3 billion$29.9 billion-$26.6 billion

What they sell each other

What India sells to Iraq

The top 10 headings in 2024, with their share of the total.

  1. Rice$929 million · 28.5%
    946 thousand tonnes · India’s destinations
  2. Refined petroleum$440 million · 13.5%
    553 thousand tonnes · India’s destinations
  3. Frozen beef$374 million · 11.5%
    127 thousand tonnes
  4. 13 thousand tonnes · India’s destinations
  5. Bananas$147 million · 4.5%
    306 thousand tonnes
  6. Ceramic tiles$117 million · 3.6%
    182 thousand tonnes
  7. Tea$85 million · 2.6%
    41 thousand tonnes
  8. Uninsulated aluminum cable$56 million · 1.7%
    22 thousand tonnes
  9. Vaccines, blood and antisera$47 million · 1.5%
    90 tonnes · India’s destinations
  10. Large-diameter steel pipes$40 million · 1.2%
    31 thousand tonnes

What Iraq sells to India

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$28.1 billion · 94.1%
    50.1 million tonnes · Iraq’s destinations
  2. Refined petroleum$915 million · 3.1%
    2 million tonnes · Iraq’s destinations
  3. Petroleum coke and bitumen$557 million · 1.9%
    1.5 million tonnes
  4. Natural gas and LPG$94 million · 0.32%
    159 thousand tonnes
  5. 236 thousand tonnes
  6. Soybean oil$61 million · 0.2%
    60 thousand tonnes · India’s sources
  7. Coal tar oils$25 million · 0.08%
    52 thousand tonnes
  8. Industrial fatty acids$8 million · 0.03%
    13 thousand tonnes
  9. Waste paper$2 million · 0.01%
    13 thousand tonnes
  10. Tanned sheepskin$1 million · 0%
    639 tonnes

How it travels

Estimated sea route from Nhava Sheva (Mumbai) to Umm Qasr.

The estimated sea route between Nhava Sheva (Mumbai) and Umm Qasr is 1,644 nautical miles (3,045 km) long: ≈ 4–5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Hormuz.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$33 billion · 99.7%
  2. Air$106 million · 0.32%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Iraq was India’s 6th largest trading partner (3% of its trade), and India was Iraq’s 2nd (21%).

Iraq in India’s trade
2.9%
Iraq’s rank among India’s partners
6th
India in Iraq’s trade
20.6%
India’s rank among Iraq’s partners
2nd

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.