Flag China / Iraq Flag

Exports FlagFlag  (2018): $7.92B, Rnk 45 / 206

Top Product FlagFlag (2018): $504M, Air Conditioners

Exports FlagFlag (2018): $20B, Rnk 2 / 71

Top Product FlagFlag (2018): $19.9B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI -0.91, Rnk 109 / 137

China-Iraq: In 2018, China exported $7.92B to Iraq. The main products exported from China to Iraq were Air Conditioners ($504M), Video Displays ($226M), and Rubber Tires ($203M). During the last 23 years the exports of China to Iraq have increased at an annualized rate of 55.8%, from $294k in 1995 to $7.92B in 2018.

Iraq-China: In 2018, Iraq exported $20B to China. The main products exported from Iraq to China were Crude Petroleum ($19.9B), Refined Petroleum ($46.1M), and Tropical Fruits ($1.44M). During the last 23 years the exports of Iraq to China have increased at an annualized rate of 57.6%, from $573k in 1995 to $20B in 2018.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Iraq ranked 109 in the Economic Complexity Index (ECI -0.91), and 40 in total exports ($87.4B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, China exported $7.92B to Iraq. The main products exported from China to Iraq were Air Conditioners ($504M), Video Displays ($226M), and Rubber Tires ($203M). During the last 23 years the exports of China to Iraq have increased at an annualized rate of 55.8%, from $294k in 1995 to $7.92B in 2018.

In 2018, Iraq exported $20B to China. The main products exported from Iraq to China were Crude Petroleum ($19.9B), Refined Petroleum ($46.1M), and Tropical Fruits ($1.44M). During the last 23 years the exports of Iraq to China have increased at an annualized rate of 57.6%, from $573k in 1995 to $20B in 2018.

Market Competitiveness

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Measure

China
Top Destination
: United States, $499B

Iraq
Top Destination
: India, $20.8B

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.

In 2018, countries that imported more from China than Iraq were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from Iraq than China were Greece ($4.92B).

Comparative Advantage China - Iraq

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Depth

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

During 2018, China had a large net trade with Iraq in the exports of Machines ($2.67B), Textiles ($1.34B), and Metals ($940M).

During 2018, Iraq had a large net trade with China in the exports of Mineral Products ($20B), Vegetable Products ($1.54M), and Instruments ($276k).

Trade Forecasts

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This section shows a forecast for total trade between China and Iraq. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over Iraq. Similarly, the more red a dot/product is, the more Iraq has comparative advantage over China.