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2022
Flag → Flag
Exports $2.45BRnk 41 / 217
2022
Flag → Flag
Top Product $728MRefined Petroleum
2022
Flag → Flag
Exports $38.8BRnk 1 / 101
2022
Flag → Flag
Top Product $37.1BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 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

India-Iraq Trade: In 2022, India exported $2.45B to Iraq. The main products that India exported to Iraq were Refined Petroleum ($728M), Rice ($354M), and Raw Sugar ($249M). Over the past 5 years the exports of India to Iraq have increased at an annualized rate of 14.5%, from $1.25B in 2017 to $2.45B in 2022.

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

Iraq-India Trade: In 2022, Iraq exported $38.8B to India. The main products that Iraq exported to India were Crude Petroleum ($37.1B), Refined Petroleum ($1.44B), and Petroleum Coke ($99.3M). Over the past 5 years the exports of Iraq to India have increased at an annualized rate of 20.4%,  from $15.3B in 2017 to $38.8B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $281M and imported $1.68B from Iraq, resulting in a negative trade balance of $1.4B. Between August 2023 and August 2024 the exports of India have decreased by $-15.5M (-5.23%) from $297M to $281M, while imports decreased by $-762M (-31.2%) from $2.44B to $1.68B.

Trade In August 2024, the top exports of India to Iraq were Petroleum Products ($163M), Rice -Basmoti ($53.3M), Sugar ($46.7M), Buffalo Meat ($21.5M), and Ceramics And Allied Products ($11.8M). In August 2024 the top imports of India from Iraq were Petroleum: Crude ($2.42B), Petroleum Products ($44.7M), Fresh Fruits ($15.6M), Cosmetics And Toiletries ($780k), and Paper, Paper Board And Product ($184k).

Growth In August 2024, the decrease in India's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Iron And Steel ($-4.22M or -83%), Rice(Other Than Basmoti) ($-1.41M or -58.5%), and Plywood And Allied Products ($-640k or -84.3%). In August 2024, the decrease in India's year-by-year imports  from Iraq was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-15.5M(-5.23%)
IMPORT GROWTH (August 2023 - August 2024)$-762M(-31.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Iraq and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $2.45B to Iraq. The main products exported from India to Iraq were Refined Petroleum ($728M), Rice ($354M), and Raw Sugar ($249M). During the last 5 years the exports of India to Iraq have increased at an annualized rate of 14.5%, from $1.25B in 2017 to $2.45B in 2022.

In 2017, Iraq exported $38.8B to India. The main products exported from Iraq to India were Crude Petroleum ($37.1B), Refined Petroleum ($1.44B), and Petroleum Coke ($99.3M). During the last 5 years the exports of Iraq to India have increased at an annualized rate of 20.4%, from $15.3B in 2022 to $38.8B in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from India than Iraq included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Iraq than India included China ($34B), Greece ($6.27B), and Serbia ($1.21B).

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

Comparative Advantage India - Iraq

Flow
Scale

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

During 2022, India had a large net trade with Iraq in the exports of Mineral Products ($730M), Vegetable Products ($459M), and Foodstuffs ($277M).

During 2017, Iraq had a large net trade with India in the exports of Mineral Products ($38.6B), Vegetable Products ($77M), and Animal and Vegetable Bi-Products ($60M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Iraq+$429MRefined Petroleum
Top Product Potential Iraq India+$907MRefined 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 India and Iraq. This means that a dot/product with the flag of India indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over India.

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

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