Greece (GRC) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Greece-Iraq Trade: In 2022, Greece exported $48.8M to Iraq. The main products that Greece exported to Iraq were Hard Liquor ($18.3M), Packaged Medicaments ($11.2M), and Amino-resins ($2.46M). Over the past 5 years the exports of Greece to Iraq have decreased at an annualized rate of 6.44%, from $68M in 2017 to $48.8M in 2022.

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

Iraq-Greece Trade: In 2022, Iraq exported $6.27B to Greece. The main products that Iraq exported to Greece were Crude Petroleum ($6.12B), Refined Petroleum ($149M), and Asphalt Mixtures ($15k). Over the past 5 years the exports of Iraq to Greece have increased at an annualized rate of 5.75%, from $3.21B in 2017 to $6.27B in 2022.

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

Comparison: In 2022, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greece exported $48.8M to Iraq. The main products exported from Greece to Iraq were Hard Liquor ($18.3M), Packaged Medicaments ($11.2M), and Amino-resins ($2.46M). During the last 5 years the exports of Greece to Iraq have decreased at an annualized rate of 6.44%, from $68M in 2017 to $48.8M in 2022.

In 2017, Iraq exported $6.27B to Greece. The main products exported from Iraq to Greece were Crude Petroleum ($6.12B), Refined Petroleum ($149M), and Asphalt Mixtures ($15k). During the last 5 years the exports of Iraq to Greece have increased at an annualized rate of 5.75%, from $3.21B in 2022 to $6.27B in 2017.

Exports from Greece () to Iraq () (2022)

Exports from Iraq () to Greece () (2022)

Latest Data

Trade between Greece () and Iraq ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Greece than Iraq included Bulgaria ($3.62B), Cyprus ($2.92B), and United Kingdom ($2.2B).

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

Difference in imports from Iraq () and Greece () (2022)

Comparative Advantage Greece - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Greece had a large net trade with Iraq in the exports of Foodstuffs ($21.5M), Chemical Products ($13.3M), and Machines ($5.49M).

During 2017, Iraq had a large net trade with Greece in the exports of Mineral Products ($6.27B), Metals ($2.84k), and Textiles ($1.74k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Iraq+$9.58MPackaged Medicaments

Top Product Potential Iraq Greece+$151MRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Greece and Iraq. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Greece.

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Historical Data

Bilateral Trade by Products

Exports from Greece () to Iraq () (2022)

Exports from Iraq () to Greece () (2022)

Latest Data

Trade between Greece () and Iraq ()

Greece Exports

Market Competitiveness

Difference in imports from Iraq () and Greece () (2022)

Comparative Advantage Greece - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and Iraq () (2022)

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