Germany (DEU) and Iraq (IRQ) Trade | OEC - The Observatory of Economic Complexity

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Germany-Iraq In 2021, Germany exported $1.06B to Iraq. The main products that Germany exported to Iraq are Electrical Control Boards ($91.6M), Cars ($82.6M), and Packaged Medicaments ($58.6M). During the last 26 years the exports of Germany to Iraq have increased at an annualized rate of 21%, from $7.51M in 1995 to $1.06B in 2021.

In 2021, Germany did not export any services to Iraq.

Iraq-Germany In 2021, Iraq exported $973M to Germany. The main products that Iraq exported to Germany were Crude Petroleum ($966M), Non-Iron and Steel Slag, Ash and Residues ($2.67M), and Other Processed Fruits and Nuts ($745k). During the last 26 years the exports of Iraq to Germany have increased at an annualized rate of 39.8%, from $159k in 1995 to $973M in 2021.

In 2021, Iraq did not export any services to Germany.

Comparison In 2021, Germany ranked 5 in the Economic Complexity Index (ECI 1.81), and 3 in total exports ($1.56T). That same year, Iraq ranked 112 in the Economic Complexity Index (ECI -1.12), and 45 in total exports ($81.1B).

Latest Trends

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March, 2023

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Overview In March 2023, Germany exported €97.8M and imported €232M from Iraq, resulting in a negative trade balance of €134M. Between March 2022 and March 2023 the exports of Germany have decreased by €-1.44M (-1.45%) from €99.2M to €97.8M, while imports increased by €148M (176%) from €83.9M to €232M.

Trade In March 2023, the top exports of Germany to Iraq were Pumps and compressors (€13.6M), Other electric machinery, apparatus and appliances (€7.04M), Other machinery (€6.83M), Engines (excl. for tractor,aircraft, road vehicle) (€4.46M), and Medical, surgical equipment, orthopaedic apparatus (€3.8M). In March 2023 the top imports of Germany from Iraq were Petroleum oil and petroleum gases (€50.1M), Other raw materials inclusive waste (€126k), Nuts and dried fruits (€122k), Returned goods (€109k), and Other end products (€72k).

Origins In March 2023 the exports of Germany were mainly from Berlin (€16.6M), Hesse (€12.2M), Bavaria (€11.8M), Baden-Württemberg (€11.7M), and North Rhine-Westphalia (€10.8M), while imports destinations were mainly Baden-Württemberg (€91.6M), Saxony-Anhalt (€68.4M), North Rhine-Westphalia (€58.8M), Bavaria (€12.6M), and Lower Saxony (€339k).

Growth In March 2023, the decrease in Germany's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Machinery for electricity production, distribution (€-12.4M or -80.4%), Engines (excl. for tractor,aircraft, road vehicle) (€-7M or -61.1%), and Motor cars and motor caravans (€-3.6M or -54.8%). In March 2023, the increase in Germany's year-by-year imports from Iraq was explained primarily by an increase in product imports in [object Object], [object Object], and [object Object].

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (March 2022 - March 2023): €-1.44M, (-1.45%)

IMPORT GROWTH (March 2022 - March 2023): €148M, (176%)

MAIN EXPORTER (March 2023): Berlin, €16.6M

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

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

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Germany exported $1.06B to Iraq. The main products exported from Germany to Iraq were Electrical Control Boards ($91.6M), Cars ($82.6M), and Packaged Medicaments ($58.6M). During the last 26 years the exports of Germany to Iraq have increased at an annualized rate of 21%, from $7.51M in 1995 to $1.06B in 2021.

In 2021, Iraq exported $973M to Germany. The main products exported from Iraq to Germany were Crude Petroleum ($966M), Non-Iron and Steel Slag, Ash and Residues ($2.67M), and Other Processed Fruits and Nuts ($745k). During the last 26 years the exports of Iraq to Germany have increased at an annualized rate of 39.8%, from $159k in 1995 to $973M in 2021.

Market Competitiveness

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Color

SectionYear

Germany
Top Destination: United States, $135B

Iraq
Top Destination: India, $23.5B

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

In 2021, countries that imported more from Germany than Iraq were United States ($135B), France ($119B), and Netherlands ($100B).

In 2021, countries that imported more from Iraq than Germany were India ($23.5B).

Comparative Advantage Germany - Iraq

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Flow

Scale

Year

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

During 2021, Germany had a large net trade with Iraq in the exports of Machines ($442M), Chemical Products ($191M), and Instruments ($110M).

During 2021, Iraq had a large net trade with Germany in the exports of Mineral Products ($969M), Foodstuffs ($1.19M), and Vegetable Products ($639k).

Economic Complexity

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Competitive Landscape

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Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Germany - Iraq

Economic Complexity

Competitive Landscape

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