🇮🇶 Iraq vs 🇨🇴 Colombia Tariffs — Import Duty Comparison (2026)

When choosing between Iraq and Colombia as import sources, US businesses must weigh tariff rates, trade agreements, product availability, and supply chain logistics.

Both countries face the same base tariff rate of 10% on most goods entering the United States.

Both countries export Crude oil, Chemicals to the United States, creating direct competition in these sectors.

In terms of trade volume, Iraq accounts for approximately $12B in bilateral trade with the US, compared to Colombia's $36B.

Both countries are subject to the 10% Section 122 tariff imposed on February 24, 2026, following the Supreme Court's ruling striking down IEEPA tariffs. This rate expires approximately July 24, 2026 unless Congress extends it.

Iraq's advantages include: Unique export categories: Petroleum products, Dates, Iron and steel. Colombia's advantages include: Trade agreement: US-Colombia TPA (duty-free on qualifying goods); Higher US trade volume ($36B vs $12B); Unique export categories: Coffee, Gold, Cut flowers.

With equivalent base tariff rates, the choice between Iraq and Colombia depends primarily on product-specific duties, shipping costs, lead times, and supply chain considerations rather than the base tariff rate.