TY - JOUR AU - Prof. Dr. Nazar Dheyab Assaf, Researcher. Ahmed Ismail Mohammed, PY - 2021/08/10 Y2 - 2024/03/28 TI - Measuring the role of oil in Iraq's foreign trade in light of price fluctuations and policies to reduce production for the period (2004-2020) JF - Design Engineering JA - DE VL - IS - SE - Articles DO - UR - http://www.thedesignengineering.com/index.php/DE/article/view/3290 SP - 7718-7732 AB - The Iraqi economy is classified as a unilateral rentier economy that depends on the oil resource as a major export commodity, which made it hostage to the prices of this commodity, its production policy and export conditions. The side of exports, and since the oil commodity is one of the strategic commodities that is subject, whether in determining its prices or in the quantities of its production, to internal and external factors, some of which are outside the control of the producing state, it has gained great importance in state policies since the start of production until now. Successive governments have failed to invest oil revenues to reform The structure of the Iraqi economy and the achievement of economic diversification away from the dependence of foreign trade on a single export commodity and the dependence of Iraq’s budget and development operations on the returns of this commodity, which formed structural imbalances in the structure of the Iraqi economy, reflected in the percentage of economic sectors’ contribution to the gross domestic product and the structure of Iraqi exports, as it is the leading commodity Oil is both.This study addresses the statement of the role of oil in the Iraqi economy and the foreign trade of Iraq in a holistic framework that deals with the reality of foreign trade and its development globally and in Iraq, and the effects that the oil commodity leaves on the path of the Iraqi economy and the rate of its contribution to Iraq's foreign trade and its repercussions on the public budget deficit, then measuring the impact of oil revenues. in Iraq's foreign trade. ER -