U.S. Exports of Goods by F.A.S. Basis to Iraq
EXP5050 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.85
Year-over-Year Change
7.36%
Date Range
1/1/1992 - 6/1/2025
Summary
The U.S. Exports of Goods by F.A.S. Basis to Iraq trend measures the value of U.S. goods exported to Iraq on a free-alongside-ship (F.A.S.) basis. This metric is important for analyzing trade patterns and economic relationships between the U.S. and Iraq.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The F.A.S. value represents the selling price of the goods, including inland freight, insurance, and other charges incurred in placing the merchandise alongside the carrier at the U.S. port of exportation. This data provides insight into the volume and composition of U.S. exports to Iraq, which is crucial for policymakers and economists studying international trade dynamics.
Methodology
The data is collected by the U.S. Census Bureau through mandatory surveys of exporters.
Historical Context
Policymakers and economists use this trend to assess the health of U.S. export markets and trade relationships.
Key Facts
- U.S. exports to Iraq were valued at $1.7 billion in 2021.
- Iraq is the 38th largest export market for U.S. goods.
- Machinery and vehicle exports make up a significant portion of U.S. goods shipped to Iraq.
FAQs
Q: What does this economic trend measure?
A: The U.S. Exports of Goods by F.A.S. Basis to Iraq trend measures the value of U.S. goods exported to Iraq on a free-alongside-ship (F.A.S.) basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the volume and composition of U.S. exports to Iraq, which is crucial for policymakers and economists studying international trade dynamics and economic relationships between the two countries.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory surveys of exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of U.S. export markets and trade relationships, which can inform decision-making and policy development.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, U.S. Exports of Goods by F.A.S. Basis to Iraq (EXP5050), retrieved from FRED.