Iraq (IRQ) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Iraq-Australia Trade: In 2022, Iraq exported $270k to Australia. The main products that Iraq exported to Australia were Other Processed Fruits and Nuts ($100k), Flavored Water ($43.4k), and Baked Goods ($27.9k). Over the past 5 years the exports of Iraq to Australia have increased at an annualized rate of 48.1%, from $37.8k in 2017 to $270k in 2022.

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

Australia-Iraq Trade: In 2022, Australia exported $109M to Iraq. The main products that Australia exported to Iraq were Wheat ($84.9M), Dried Legumes ($9.94M), and Cheese ($6.12M). Over the past 5 years the exports of Australia to Iraq have increased at an annualized rate of 2.34%, from $67M in 2017 to $109M in 2022.

In 2022, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $270k to Australia. The main products exported from Iraq to Australia were Other Processed Fruits and Nuts ($100k), Flavored Water ($43.4k), and Baked Goods ($27.9k). During the last 5 years the exports of Iraq to Australia have increased at an annualized rate of 48.1%, from $37.8k in 2017 to $270k in 2022.

In 2017, Australia exported $109M to Iraq. The main products exported from Australia to Iraq were Wheat ($84.9M), Dried Legumes ($9.94M), and Cheese ($6.12M). During the last 5 years the exports of Australia to Iraq have increased at an annualized rate of 2.34%, from $67M in 2022 to $109M in 2017.

Exports from Iraq () to Australia () (2022)

Exports from Australia () to Iraq () (2022)

Latest Data

Trade between Iraq () and Australia ()

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Iraq than Australia included India ($38.8B), Greece ($6.27B), and Italy ($4.67B).

In 2022, countries that imported more from Australia than Iraq included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Iraq - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Australia in the exports of Foodstuffs ($227k), Machines ($10.5k), and Vegetable Products ($7.16k).

During 2017, Australia had a large net trade with Iraq in the exports of Vegetable Products ($94.8M), Animal Products ($6.38M), and Chemical Products ($5.39M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Australia+$116kFlavored Water

Top Product Potential Australia Iraq+$4.18MDried Legumes

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Australia () (2022)

Exports from Australia () to Iraq () (2022)

Latest Data

Trade between Iraq () and Australia ()

Australia Exports

Market Competitiveness

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

Comparative Advantage Iraq - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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