Iraq's trade balance surplus with US at $6bn

Iraq's trade balance surplus with US at $6bn

Iraq has a trade balance surplus of nearly $6 billion with the US, a senior government official has said. This comes from oil exports to the US more than doubling in two years, state-run Iraq News Agency reported, quoting prime minister’s financial advisor Mazhar Mohammed Salih. The trade volume between the two countries has more than doubled over the past two years, with oil exports increasing by more than 110 percent. However, Iraq’s imports f…