Middle East ยท Country profile
Iraq
India-Iraq trade corridor: $8.5B bilateral trade, $7.1B FDI into India.
$8.5B
Trade with India
+5.0% YoY
$270.0B
GDP
Nominal
$7.1B
FDI into India
Cumulative
-$2.6B
Trade balance
India deficit
Top exports to Iraq
- IT hardware
- Refined petroleum
- Organic chemicals
Top imports from Iraq
- Edible oils
- Electronic components
- Chemicals
Trade corridor with India
2025: $8.5B ยท 5-yr CAGR 13.1%
Goods trade in USD billion, illustrative demo figures.
Latest Iraq stories
Trade5h ago3 min read
India-Iraq bilateral trade hits a new quarterly high
FDI8h ago4 min read
Iraq investors commit fresh capital to Indian manufacturing
Policy11h ago5 min read
Revised tariff schedule for India-Iraq goods notified
Technology14h ago6 min read
India and Iraq deepen cooperation on digital and AI standards
Policy and tariff watch
| Measure | Change | Status | Date | Alert |
|---|---|---|---|---|
| Import duty on engineering goods | 4% to 0% | In force | Jan 2026 | |
| Rules of origin certification | Digital certificates mandatory | Notified | Mar 2026 | |
| Pharma regulatory recognition | Mutual recognition under review | Consultation | Jun 2026 | |
| Agri products SPS standards | Revised residue limits | Proposed | Sep 2026 | |
| Trade agreement round | Round 5 of negotiations | Negotiating | Dec 2026 |
Upcoming events and delegations
Forum
India-Iraq Business Forum
Mar 2027 ยท New Delhi
Delegation
Trade delegation to Iraq
Nov 2026 ยท Iraq
Buyer meet
Iraq buyers-sellers meet
Dec 2026 ยท Mumbai
Policy
Joint working group on market access
Feb 2027 ยท Virtual