Armenia (ARM) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Armenia-Iraq Trade: In 2023, Armenia exported $181M to Iraq. The main products that Armenia exported to Iraq were Rolled Tobacco ($163M), Processed Tobacco ($15.3M), and Bovine ($650k). Over the past 5 years the exports of Armenia to Iraq have increased at an annualized rate of 3.69%, from $151M in 2018 to $181M in 2023.

In 2023, Armenia did not export any services to Iraq.

Iraq-Armenia Trade: In 2023, Iraq exported $807k to Armenia. The main products that Iraq exported to Armenia were Petroleum Gas ($771k) and Petroleum Coke ($36.2k). Over the past 5 years the exports of Iraq to Armenia have decreased at an annualized rate of 30.5%, from $4.96M in 2018 to $807k in 2023.

In 2023, Iraq did not export any services to Armenia.

Comparison: In 2023, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Armenia exported $181M to Iraq. The main products exported from Armenia to Iraq were Rolled Tobacco ($163M), Processed Tobacco ($15.3M), and Bovine ($650k). During the last 5 years the exports of Armenia to Iraq have increased at an annualized rate of 3.69%, from $151M in 2018 to $181M in 2023.

In 2018, Iraq exported $807k to Armenia. The main products exported from Iraq to Armenia were Petroleum Gas ($771k) and Petroleum Coke ($36.2k). During the last 5 years the exports of Iraq to Armenia have decreased at an annualized rate of 30.5%, from $4.96M in 2023 to $807k in 2018.

Exports from Armenia () to Iraq () (2023)

Exports from Iraq () to Armenia () (2023)

Latest Data

Trade between Armenia () and Iraq ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$3.38B

Iraq
Top DestinationChina$35.5B

This map shows whether countries import more from Armenia or Iraq. Each country is colored based on the difference in imports they receive from Armenia and Iraq or the difference in the growth in imports.

In 2023, countries that imported more from Armenia than Iraq included Russia ($3.38B), Hong Kong ($669M), and Georgia ($340M).

In 2023, countries that imported more from Iraq than Armenia included China ($35.5B), India ($29.8B), and United States ($8.92B).

Difference in imports from Iraq () and Armenia () (2023)

Comparative Advantage Armenia - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Iraq by product, considering products traded by both, Armenia and Iraq.

During 2023, Armenia had a large net trade with Iraq in the exports of Foodstuffs ($179M), Animal Products ($1.12M), and Textiles ($165k).

During 2018, Iraq had a large net trade with Armenia in the exports of Mineral Products ($807k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Iraq+$199kHard Liquor

Top Product Potential Iraq Armenia+$464kPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Iraq. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Iraq () (2023)

Exports from Iraq () to Armenia () (2023)

Latest Data

Trade between Armenia () and Iraq ()

Armenia Exports

Market Competitiveness

Difference in imports from Iraq () and Armenia () (2023)

Comparative Advantage Armenia - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Iraq () (2023)

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