2022
Flag  
GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC 
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186

About

Armenia-Iraq Trade: In 2022, Armenia exported $250M to Iraq. The main products that Armenia exported to Iraq were Rolled Tobacco ($221M), Processed Tobacco ($17.4M), and Bovine ($9.87M). Over the past 5 years the exports of Armenia to Iraq have increased at an annualized rate of 16.3%, from $117M in 2017 to $250M in 2022.

In 2022, Armenia did not export any services to Iraq.

Iraq-Armenia Trade: In 2022, Iraq exported $330k to Armenia. The main products that Iraq exported to Armenia were Petroleum Gas ($162k), Petroleum Coke ($134k), and Metal Stoppers ($24.9k). Over the past 5 years the exports of Iraq to Armenia have increased at an annualized rate of 11.7%,  from $189k in 2017 to $330k in 2022.

In 2022, Iraq did not export any services to Armenia.

Comparison: In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $250M to Iraq. The main products exported from Armenia to Iraq were Rolled Tobacco ($221M), Processed Tobacco ($17.4M), and Bovine ($9.87M). During the last 5 years the exports of Armenia to Iraq have increased at an annualized rate of 16.3%, from $117M in 2017 to $250M in 2022.

In 2017, Iraq exported $330k to Armenia. The main products exported from Iraq to Armenia were Petroleum Gas ($162k), Petroleum Coke ($134k), and Metal Stoppers ($24.9k). During the last 5 years the exports of Iraq to Armenia have increased at an annualized rate of 11.7%, from $189k in 2022 to $330k in 2017.

Exports from Armenia (Flag) to Iraq (Flag) (2022)

Exports from Iraq (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Iraq (Flag)

Armenia Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Iraq
Top Destination
India$38.8B

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 2022, countries that imported more from Armenia than Iraq included Russia ($2.36B), Switzerland ($257M), and Georgia ($260M).

In 2022, countries that imported more from Iraq than Armenia included India ($38.8B), China ($34B), and United States ($10.3B).

Difference in imports from Iraq (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Iraq

Flow
Scale

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

During 2022, Armenia had a large net trade with Iraq in the exports of Foodstuffs ($239M), Animal Products ($10.1M), and Textiles ($176k).

During 2017, Iraq had a large net trade with Armenia in the exports of Mineral Products ($296k), Metals ($24.9k), and Stone And Glass ($8.66k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Armenia (Flag) and Iraq (Flag) (2022)

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