The impact of commodity trade on economic growth and the general budget in Iraq for the period (2004-2022)

Abstract

The research seeks to study the importance of basic commodity trade and its economic effects on the national economy, as the external sector plays an important role in linking the national economy to other economies and this sector is the mirror that reflects the nature of the structure of the Iraqi economy.

 The Iraqi economy is one of the economies whose exports are linked to the global market and relies heavily to meet its local demand on its imports from the outside world. Therefore, trade in basic goods has economic effects on the national economy, and the most important of these effects are economic growth and the general budget.

 To reach the goal, the researcher used the inductive approach by studying the movement of foreign trade, leading to the overall variables represented in economic growth and the general budget.

 The research concluded that the Iraqi economy depends largely on its external sector due to the nature of its production structure, which depends on one commodity, which is oil, in the global market, and relies on obtaining their needs through its imports.  

 In addition, the research found that there are economic effects of the foreign trade movement in Iraq on economic growth and the general budget, some of which are characterized by a positive effect and others by a negative effect.