2022
Flag  
GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC 
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186
2022
Flag
GDP PC
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186

About

Iraq-Armenia Trade: In 2022, Iraq exported $330k to Armenia. The main products that Iraq exported to Armenia were Petroleum Gas ($162k), Petroleum Coke ($134k), and Metal Stoppers ($24.9k). Over the past 5 years the exports of Iraq to Armenia have increased at an annualized rate of 11.7%, from $189k in 2017 to $330k in 2022.

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

Armenia-Iraq Trade: In 2022, Armenia exported $250M to Iraq. The main products that Armenia exported to Iraq were Rolled Tobacco ($221M), Processed Tobacco ($17.4M), and Bovine ($9.87M). Over the past 5 years the exports of Armenia to Iraq have increased at an annualized rate of 16.3%,  from $117M in 2017 to $250M in 2022.

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

Comparison: In 2022,  Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iraq exported $330k to Armenia. The main products exported from Iraq to Armenia were Petroleum Gas ($162k), Petroleum Coke ($134k), and Metal Stoppers ($24.9k). During the last 5 years the exports of Iraq to Armenia have increased at an annualized rate of 11.7%, from $189k in 2017 to $330k in 2022.

In 2017, Armenia exported $250M to Iraq. The main products exported from Armenia to Iraq were Rolled Tobacco ($221M), Processed Tobacco ($17.4M), and Bovine ($9.87M). During the last 5 years the exports of Armenia to Iraq have increased at an annualized rate of 16.3%, from $117M in 2022 to $250M in 2017.

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

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

Latest Data

Trade between Iraq (Flag) and Armenia (Flag)

Armenia Exports

Market Competitiveness

Color
Iraq
Top Destination
India$38.8B
Armenia
Top Destination
Russia$2.36B

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

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

In 2022, countries that imported more from Armenia than Iraq included Russia ($2.36B), Switzerland ($257M), and Georgia ($260M).

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

Comparative Advantage Iraq - Armenia

Flow
Scale

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

During 2022, Iraq had a large net trade with Armenia in the exports of Mineral Products ($296k), Metals ($24.9k), and Stone And Glass ($8.66k).

During 2017, Armenia had a large net trade with Iraq in the exports of Foodstuffs ($239M), Animal Products ($10.1M), and Textiles ($176k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iraq Armenia+$464kPetroleum Gas
Top Product Potential Armenia Iraq+$199kHard Liquor

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

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

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