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Pricing

2022
Flag → Flag
Exports $8.33BRnk 43 / 211
2022
Flag → Flag
Top Product $711MAir Conditioners
2022
Flag → Flag
Exports $12.3BRnk 2 / 101
2022
Flag → Flag
Top Product $33.8BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 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

China-Iraq Trade: In 2022, China exported $8.33B to Iraq. The main products that China exported to Iraq were Air Conditioners ($711M), Rubber Tires ($425M), and Light Fixtures ($419M). Over the past 5 years the exports of China to Iraq have increased at an annualized rate of 675%, from $298k in 2017 to $8.33B in 2022.

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

Iraq-China Trade: In 2022, Iraq exported $12.3B to China. The main products that Iraq exported to China were Crude Petroleum ($33.8B), Refined Petroleum ($173M), and Petroleum Coke ($46.6M). Over the past 5 years the exports of Iraq to China have increased at an annualized rate of 637%,  from $564k in 2017 to $12.3B in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $1.44B and imported $3.33B from Iraq, resulting in a negative trade balance of $1.9B. Between May 2023 and May 2024 the exports of China have increased by $333M (30.3%) from $1.1B to $1.44B, while imports increased by $308M (10.2%) from $3.02B to $3.33B.

Trade In May 2024, the top exports of China to Iraq were Air Conditioners ($93M), Light Fixtures ($51.6M), Iron Pipes ($47.8M), Motor vehicles; parts and accessories (8701... ($44.2M), and Rubber Footwear ($42.9M). In May 2024 the top imports of China from Iraq were Crude Petroleum ($2.63B), Petroleum Coke ($128k), Prepr binder for foundry ($33.5k), Commodities not elsewhere specified ($10.5k), and Flavored Water ($256).

Origins In May 2024 the exports of China were mainly from Zhejiang Province ($518M), Guangdong Province ($334M), Shandong Province ($164M), Jiangsu Province ($84.6M), and Beijing ($57.6M), while imports destinations were mainly Beijing ($2.48B), Zhejiang Province ($392M), Fujian Province ($254M), Liaoning Province ($102M), and Jiangsu Province ($91.2M).

Growth In May 2024, the increase in China's year-by-year exports to Iraq was explained primarily by an increase in product exports in Iron Pipes ($24.6M or 106%), Motor vehicles; parts and accessories (8701... ($16.6M or 59.9%), and Air Pumps ($10.4M or 54.1%). In May 2024, the increase in China's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in Flavored Water ($55 or 27.4%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$333M(30.3%)
IMPORT GROWTH (May 2023 - May 2024)$308M(10.2%)
MAIN EXPORTER (May 2024)Zhejiang Province$518M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Iraq and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $8.33B to Iraq. The main products exported from China to Iraq were Air Conditioners ($711M), Rubber Tires ($425M), and Light Fixtures ($419M). During the last 5 years the exports of China to Iraq have increased at an annualized rate of 675%, from $298k in 2017 to $8.33B in 2022.

In 2017, Iraq exported $12.3B to China. The main products exported from Iraq to China were Crude Petroleum ($33.8B), Refined Petroleum ($173M), and Petroleum Coke ($46.6M). During the last 22 years the exports of Iraq to China have increased at an annualized rate of 637%, from $564k in 1995 to $12.3B in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationN/AN/A
Iraq
Top DestinationN/AN/A

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

N/A

N/A

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

Comparative Advantage China - Iraq

Flow
Scale

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

During 2022, China had a large net trade with Iraq in the exports of Machines ($4.01B), Metals ($1.94B), and Textiles ($1.86B).

During 2017, Iraq had a large net trade with China in the exports of Mineral Products ($34B), Chemical Products ($832k), and Vegetable Products ($127k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Iraq+$309MTelephones
Top Product Potential Iraq China+$2.35BCrude Petroleum

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

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

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