Summary
- Iraq → South Korea
- $9billion
- South Korea → Iraq
- $1.2billion
- Iraq’s balance
- $7.8billion
Balance
Iraq’s trade balance with South Korea
Trade between Iraq and South Korea grew 188,781.5-fold since 1995
USD billions (current). Iraq’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 9
- Imports 1.2
- Balance +7.8
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $0 | $54 thousand | -$54 thousand |
| 1996 | $0 | $2 million | -$2 million |
| 1997 | $0 | $3 million | -$3 million |
| 1998 | $66 million | $2 million | $64 million |
| 1999 | $152 million | $10 million | $142 million |
| 2000 | $509 million | $23 million | $486 million |
| 2001 | $28 million | $73 million | -$45 million |
| 2002 | $39 million | $86 million | -$48 million |
| 2003 | $57 million | $36 million | $22 million |
| 2004 | $408 million | $125 million | $282 million |
| 2005 | $675 million | $68 million | $607 million |
| 2006 | $906 million | $109 million | $797 million |
| 2007 | $3.1 billion | $210 million | $2.9 billion |
| 2008 | $4.2 billion | $368 million | $3.9 billion |
| 2009 | $3.8 billion | $785 million | $3 billion |
| 2010 | $4.4 billion | $1.2 billion | $3.2 billion |
| 2011 | $9.1 billion | $1.5 billion | $7.6 billion |
| 2012 | $10.2 billion | $1.9 billion | $8.4 billion |
| 2013 | $9.3 billion | $2 billion | $7.3 billion |
| 2014 | $6.7 billion | $2.2 billion | $4.5 billion |
| 2015 | $6.3 billion | $1.4 billion | $4.8 billion |
| 2016 | $5 billion | $1.4 billion | $3.6 billion |
| 2017 | $6.4 billion | $1.5 billion | $4.9 billion |
| 2018 | $9.6 billion | $1.9 billion | $7.7 billion |
| 2019 | $8 billion | $1.9 billion | $6 billion |
| 2020 | $4.3 billion | $935 million | $3.3 billion |
| 2021 | $5.3 billion | $986 million | $4.3 billion |
| 2022 | $9.5 billion | $1.2 billion | $8.3 billion |
| 2023 | $7.9 billion | $1.2 billion | $6.7 billion |
| 2024 | $9 billion | $1.2 billion | $7.8 billion |
What they sell each other
What Iraq sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to Iraq
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Umm Qasr and Busan is 6,487 nautical miles (12,014 km) long: ≈ 15–19.5 days at sea (at 18 and 14 knots).
Passages it crosses: Strait of Hormuz; and Strait of Malacca and Singapore.
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
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
South Korea was Iraq’s 4th largest trading partner (6% of its trade), and Iraq was South Korea’s 28th (0.7%).
- South Korea in Iraq’s trade
- 6.4%
- South Korea’s rank among Iraq’s partners
- 4th
- Iraq in South Korea’s trade
- 0.7%
- Iraq’s rank among South Korea’s partners
- 28th
Compare with
Other partners of Iraq
Other partners of South Korea
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
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.