Iraq is OPEC's second-largest crude producer and a major importer of food and refined fuels.
CapitalBaghdad
CurrencyIraqi dinar (IQD)
LanguagesArabic, Kurdish
RegionMiddle East
Why Iraq matters for trade
- Crude exports through Basra
- Large import demand for food staples and fuel
- Reconstruction demand for steel and cement
What Iraq sells and buys
| Main exports | Main imports |
|---|---|
| Crude oil, Fuel oil | Wheat and flour, Rice, Sugar, Vegetable oils, Refined fuels, Steel |
Main ports and routes
Umm Qasr, Basra Oil Terminal.
Check before you tradeUS dollar transfers are tightly controlled by the central bank. Check payment routes and counterparties carefully.
Coming in the full guide
We are expanding this overview into a full country guide with trade values and product groups, opportunities, company setup, government procedures, ministries and official websites, how to find partners, business culture and recent trade updates.
RelatedMarkets: Energy & Petroleum · Grains, Sugar & Edible Oils · More Middle East guides · Trade Desk · Listings on TradeScout24
TradeScout24 Insights · Country overview; figures will be added from DEİK, business council and national sources · Last reviewed 31 Oct 2026