Switzerland (CHE) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Switzerland-Iraq Trade: In 2023, Switzerland exported $191M to Iraq. The main products that Switzerland exported to Iraq were Vaccines, blood, antisera, toxins and cultures ($92.3M), Base Metal Watches ($12.6M), and Packaged Medicaments ($10.8M). Over the past 5 years the exports of Switzerland to Iraq have decreased at an annualized rate of 8.22%, from $293M in 2018 to $191M in 2023.

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

Iraq-Switzerland Trade: In 2023, Iraq exported $460k to Switzerland. The main products that Iraq exported to Switzerland were Collector's Items ($389k), Beauty Products ($51.5k), and Antiques ($18.9k). Over the past 5 years the exports of Iraq to Switzerland have decreased at an annualized rate of 0.42%, from $470k in 2018 to $460k in 2023.

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

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). 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, Switzerland exported $191M to Iraq. The main products exported from Switzerland to Iraq were Vaccines, blood, antisera, toxins and cultures ($92.3M), Base Metal Watches ($12.6M), and Packaged Medicaments ($10.8M). During the last 5 years the exports of Switzerland to Iraq have decreased at an annualized rate of 8.22%, from $293M in 2018 to $191M in 2023.

In 2018, Iraq exported $460k to Switzerland. The main products exported from Iraq to Switzerland were Collector's Items ($389k), Beauty Products ($51.5k), and Antiques ($18.9k). During the last 5 years the exports of Iraq to Switzerland have decreased at an annualized rate of 0.42%, from $470k in 2023 to $460k in 2018.

Exports from Switzerland () to Iraq () (2023)

Exports from Iraq () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Iraq ()

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Switzerland than Iraq included Germany ($53.8B), United States ($45.1B), and Turkey ($19.3B).

In 2023, countries that imported more from Iraq than Switzerland included India ($29.8B), Greece ($5.68B), and Oman ($472M).

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

Comparative Advantage Switzerland - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Switzerland had a large net trade with Iraq in the exports of Chemical Products ($113M), Instruments ($31.2M), and Machines ($28M).

During 2018, Iraq had a large net trade with Switzerland in the exports of Arts and Antiques ($408k) and Chemical Products ($51.5k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Iraq+$20.9MPackaged Medicaments

Top Product Potential Iraq Switzerland+$41.7kWashing and Bottling Machines

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 Switzerland and Iraq. This means that a dot/product with the flag of Switzerland indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Switzerland.

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Iraq () (2023)

Exports from Iraq () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Iraq ()

Switzerland Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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