Iraq (IRQ) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Iraq-Armenia Trade: In 2023, Iraq exported $807k to Armenia. The main products that Iraq exported to Armenia were Petroleum Gas ($771k) and Petroleum Coke ($36.2k). Over the past 5 years the exports of Iraq to Armenia have decreased at an annualized rate of 30.5%, from $4.96M in 2018 to $807k in 2023.

In 2023, Iraq did not export any services to Armenia.

Armenia-Iraq Trade: In 2023, Armenia exported $181M to Iraq. The main products that Armenia exported to Iraq were Rolled Tobacco ($163M), Processed Tobacco ($15.3M), and Bovine ($650k). Over the past 5 years the exports of Armenia to Iraq have increased at an annualized rate of 3.69%, from $151M in 2018 to $181M in 2023.

In 2023, Armenia did not export any services to Iraq.

Comparison: In 2023, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iraq exported $807k to Armenia. The main products exported from Iraq to Armenia were Petroleum Gas ($771k) and Petroleum Coke ($36.2k). During the last 5 years the exports of Iraq to Armenia have decreased at an annualized rate of 30.5%, from $4.96M in 2018 to $807k in 2023.

In 2018, Armenia exported $181M to Iraq. The main products exported from Armenia to Iraq were Rolled Tobacco ($163M), Processed Tobacco ($15.3M), and Bovine ($650k). During the last 5 years the exports of Armenia to Iraq have increased at an annualized rate of 3.69%, from $151M in 2023 to $181M in 2018.

Exports from Iraq () to Armenia () (2023)

Exports from Armenia () to Iraq () (2023)

Latest Data

Trade between Iraq () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

Armenia
Top DestinationRussia$3.38B

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 2023, countries that imported more from Iraq than Armenia included China ($35.5B), India ($29.8B), and United States ($8.92B).

In 2023, countries that imported more from Armenia than Iraq included Russia ($3.38B), Hong Kong ($669M), and Georgia ($340M).

Difference in imports from Armenia () and Iraq () (2023)

Comparative Advantage Iraq - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iraq had a large net trade with Armenia in the exports of Mineral Products ($807k).

During 2018, Armenia had a large net trade with Iraq in the exports of Foodstuffs ($179M), Animal Products ($1.12M), and Textiles ($165k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Armenia () (2023)

Exports from Armenia () to Iraq () (2023)

Latest Data

Trade between Iraq () and Armenia ()

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Iraq () (2023)

Comparative Advantage Iraq - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Armenia () (2023)

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