Indonesia-Iraq Trade Value Grew by 2.79% in 2021

Dzulfiqar Fathur Rahman 29/08/2022 16:10 WIB

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Trade in goods between Indonesia and Iraq grew by 2.79% to US$218.44 million in 2021 from the previous year, according to United Nations data.

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Indonesia-Iraq Trade Value Grew by 2.79% in 2021

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Indonesia-Iraq Trade Value (1989–2021)

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Indonesia's trade balance with Iraq again recorded positive growth in 2021. The surplus in Indonesia's trade balance with Iraq grew by 2.79% compared to the previous year.

Based on data from the United Nations Comtrade database, Indonesia's trade surplus with the Middle Eastern country in 2021 was recorded at US$218.44 million. Meanwhile, in 2020, the surplus value was US$163.92 million.

This trade balance growth was supported by the value of Indonesian goods exported to Iraq, which grew by 16% to US$218.34 million in 2021 from the previous year.

On the other hand, the value of goods imported from Iraq plummeted by 99.59% to US$98,341 during the same period.

Indonesia and Iraq are two countries with predominantly Muslim populations. The two countries have maintained diplomatic relations since 1950.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."