China vs Iraq: External balance on goods and services
External balance on goods and services over time
- China
- Iraq
How they compare
Iraq currently reports 8.68 trillion current LCU against 5.87 trillion current LCU in China, a difference of 2.81 trillion current LCU.
That makes Iraq's figure about 1.5 times China's.
The two have swapped places 18 times across 55 shared years of data; in 1970 it was Iraq ahead.
China ranks 9th and Iraq ranks 6th of 192 countries.
Iraq has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | China | Iraq | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -419.37 million current LCU | 969.79 million current LCU | 1.39 billion current LCU | Iraq |
| 1980s | -8.60 billion current LCU | -863.39 million current LCU | 7.74 billion current LCU | Iraq |
| 1990s | 134.04 billion current LCU | 1.31 trillion current LCU | 1.18 trillion current LCU | Iraq |
| 2000s | 1.05 trillion current LCU | 7.68 trillion current LCU | 6.64 trillion current LCU | Iraq |
| 2010s | 1.38 trillion current LCU | 22.24 trillion current LCU | 20.87 trillion current LCU | Iraq |
| 2020s | 3.03 trillion current LCU | 32.61 trillion current LCU | 29.58 trillion current LCU | Iraq |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, China or Iraq?
- Iraq, at 8.68 trillion current LCU against 5.87 trillion current LCU in China as of 2024.
- What is the difference in external balance on goods and services between China and Iraq?
- 2.81 trillion current LCU, with Iraq ahead.
- How many years of comparable data are there for China and Iraq?
- 55 years are reported by both, from 1970 to 2024.
- How do China and Iraq rank globally for external balance on goods and services?
- China ranks 9th and Iraq ranks 6th of 192 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.