Country exposure · IQ

Iraq
Middle East · Baghdad · federal parliamentary republic
What Iraq means for your money — the prices you pay, the tariffs in motion, and where U.S. policy could change both.

$6.3B
U.S. imports, 2025
-16.8%
change in one year
$1.7B
U.S. exports, 2025
43M
Population
$279.6B
GDP
In your house
What you buy that Iraq makes
America bought $6.3B in goods from Iraq in 2025 — down 16.8% in a single year. Of every $100 of it, here's where the money went.
Crude oil
Fuel oil
fuel oil
U.s. goods returned, and reimports
Artwork, antiques, stamps, etc.
Petroleum products, other
gasoline and petroleum products
Minimum value shipments
Other foods
Paper and paper products
Generators, accessories
Industrial engines
2026 so far (through April): $1.9B in imports. Source: U.S. Census Bureau, International Trade in Goods (customs basis).
The other direction
What America sells to Iraq
$1.7B in 2025 — a trade rupture cuts both ways, for American producers as well as American prices.
Passenger cars, new and used
$225Mnew and used cars
Pharmaceutical preparations
$212Mmedicines and pharmacy items
Rice
$145Mcocoa for chocolate
Soybeans
$120Mmeat at the counter
Industrial machines, other
$118MIndustrial engines
$116MTelecommunications equipment
$52Mphones, routers, networking gear
Electric apparatus
$37MNuts
$31MWhere you stand
U.S. tariff posture toward Iraq
Iraq was assigned 39% in April 2025, but the headline figure is largely symbolic: crude oil, gas, and refined products — which make up roughly 99% of Iraq's ~$7.7 billion in exports to the U.S. — are exempt from the reciprocal tariff, so only a small non-oil sliver is actually affected. The rate was trimmed to 30% in August without a deal. Executive Order 14389 (Ending Certain Tariff Actions, Feb 20, 2026) terminated the IEEPA reciprocal duties, and Proclamation 11012 replaced it with a 10% Section 122 temporary import surcharge effective February 24, 2026; energy imports remain exempt. Iraq has no Section 232 steel/aluminum exposure.
Reciprocal tariff (assigned — terminated)
39%
The rate this country was assigned under the EO 14257 reciprocal Annex — no longer in force. The Supreme Court struck down the IEEPA tariffs and they were terminated February 24, 2026 (EO 14389), replaced by a universal ~10% Section 122 surcharge. See the timeline below for the current effective rate.
Policy in motion
Tariff status: a moving target
U.S. tariff policy toward Iraq has changed 4 times since 2025. This page tracks it.
2026-02-24
IEEPA reciprocal tariffs terminated — replaced by 10% Section 122
In effectExecutive Order 14389 (Ending Certain Tariff Actions) terminated the IEEPA tariff duties effective February 24, 2026, replacing Iraq's 30% reciprocal rate with a 10% Section 122 temporary import surcharge under Proclamation 11012 (capped at 150 days); energy imports remain exempt.
91 FR 9437 →2025-08-07
Rate reduced to 30% — no deal reached
In effectExecutive Order 14326 set the post-pause Annex I reciprocal rates; Iraq's rate was trimmed from 39% to 30% as part of the broader recalculation rather than a negotiated agreement, with the oil exemption intact.
90 FR 37963 →2025-04-10
Elevated reciprocal rates paused to 10% for 90 days
In effectExecutive Order 14266 suspended the higher country-specific reciprocal rates — including Iraq's 39% — back to the 10% baseline for 90 days.
90 FR 15625 →2025-04-05
Reciprocal tariff regime begins — Iraq assigned 39% (oil exempt)
In effectExecutive Order 14257 imposed a 10% universal reciprocal duty effective April 5 and a 39% country-specific rate for Iraq scheduled to take effect April 9 — but oil, gas, and refined products, the overwhelming majority of Iraq's exports to the U.S., were carved out of the reciprocal tariff.
90 FR 15041 →
Made for America
What Iraq makes for America
Iraq is a direct U.S. source of 2 essential goods Americans rely on — the items themselves, shipped finished off the line.
Go deeper
The supply chain view
Iraq sits upstream of 5 essential American goods through 5 tracked inputs.
energy
5%Marine Diesel and Bunker Fuel
energy
5%Diesel and Heavy Fuel Oil (underground mining and backup power)
energy
4%Crude Oil Feedstock
energy
3%Canadian crude oil imports
energy
3%Gulf Coast crude oil feedstock (jet fraction)
Reference
The country itself
Middle East · Geography, people, economy, and government — public-domain data from the CIA World Factbook.
Formerly part of the Ottoman Empire, Iraq was occupied by the United Kingdom during World War I and was declared a League of Nations mandate under UK administration in 1920. Iraq attained its independence as a kingdom in 1932. It was proclaimed a republic in 1958 after a coup overthrew the monarchy, but in actuality, a series of strongmen ruled the country until 2003. The last was SADDAM Hussein, from 1979 to 2003. Territorial disputes with Iran led to an inconclusive and costly war from 1980 to 1988. In 1990, Iraq seized Kuwait but was expelled by US-led UN coalition forces during the two-month-long Gulf War of 1991. After Iraq's expulsion, the UN Security Council (UNSC) required Iraq to scrap all weapons of mass destruction and long-range missiles and to allow UN verification inspections. Continued Iraqi noncompliance with UNSC resolutions led to the Second Gulf War in 2003, when US-led forces ousted the SADDAM regime. In 2005, Iraqis approved a constitution in a national referendum and elected a 275-member Council of Representatives (COR). The COR approved most of the cabinet ministers, marking the transition to Iraq's first constitutional government in nearly a half-century. Iraq's constitution also established the Kurdistan Regional Government (KRG), a semi-autonomous region that administers the governorates of Erbil, Dahuk, and As Sulaymaniyah. Iraq has held four national legislative elections since 2006, most recently in 2021. The COR approved Mohammad Shia' al-SUDANI as prime minister in 2022. Iraq has repeatedly postponed elections for provincial councils -- last held in 2013 -- and since 2019, the prime minister has had the authority to appoint governors rather than provincial councils. Between 2014 and 2017, Iraq fought a military campaign against the Islamic State of Iraq and ash-Sham (ISIS) to recapture territory the group seized in 2014. In 2017, then-Prime Minister Haydar al-ABADI publicly declared victory against ISIS, although military operations against the group continue in rural areas. Also in 2017, Baghdad forcefully seized disputed territories across central and northern Iraq from the KRG, after a non-binding Kurdish independence referendum.

Geography
- Location
- Middle East, bordering the Persian Gulf, between Iran and Kuwait
- Area
- 438,317 sq km
- Climate
- mostly desert; mild to cool winters with dry, hot, cloudless summers; northern mountainous regions along Iranian and Turkish borders experience cold winters with occasionally heavy snows that melt in early spring, sometimes causing extensive flooding in central and southern Iraq
- Terrain
- mostly broad plains; reedy marshes along Iranian border in south with large flooded areas; mountains along borders with Iran and Turkey
- Natural resources
- petroleum, natural gas, phosphates, sulfur
- Coastline
- 58 km
- Natural hazards
- dust storms; sandstorms; floods
People & society
- Population
- 42,917,742 (2025 est.)
- Nationality
- Iraqi(s)
- Ethnic groups
- Arab 75-80%, Kurdish 15-20%, other 5% (includes Turkmen, Yezidi, Shabak, Kaka'i, Bedouin, Romani, Assyrian, Circassian, Sabaean-Mandaean, Persian)
- Languages
- Arabic (official), Kurdish (official); Turkmen (a Turkish dialect) and Syriac (Neo-Aramaic) are recognized as official languages where native speakers of these languages are present
- Religions
- Muslim (official) 95-98% (Shia 61-64%, Sunni 29-34%), Christian 1% (includes Catholic, Orthodox, Protestant, Assyrian Church of the East), other 1-4% (2015 est.)
- Median age
- 22.7 years (2025 est.)
- Life expectancy at birth
- 73.7 years (2024 est.)
- Literacy
- 84.1% (2021 est.)
Economy
- Economic overview
- highly oil-dependent Middle Eastern economy; fiscal sustainability subject to fluctuation in oil prices; rising public confidence in economic conditions; import-dependent for most sectors; persistent challenges of corruption, informal markets, banking access, and political fragility
- Industries
- petroleum, chemicals, textiles, leather, construction materials, food processing, fertilizer, metal fabrication/processing
- Agricultural products
- wheat, dates, maize, tomatoes, rye, grapes, milk, chicken, potatoes, fruits (2023)
- Exports - partners
- China 33%, India 28%, USA 8%, Greece 5%, UAE 5% (2023)
- Imports - partners
- UAE 32%, China 20%, Turkey 18%, India 5%, USA 2% (2023)
Government
- Government type
- federal parliamentary republic
- Capital
- Baghdad
- Independence
- 3 October 1932 (from League of Nations mandate under British administration)
- Constitution
- several previous; latest adopted by referendum 15 October 2005
- Executive branch
- President Latif RASHID (since 13 October 2022)
- Legislative branch
- Council of Representatives of Iraq
Full reference data
Every field, by section — CIA World Factbook. Open a topic to expand it.
Introduction
Travel Facts
Please visit the following links to find further information about your desired destination.
World Health Organization (WHO) - To learn what vaccines and health precautions to take while visiting your destination.
US State Dept Travel Information - Overall information about foreign travel for US citizens.
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Page last updated: Thursday, January 05, 2023