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2023
Flag → Flag
Exports $21.2MRnk 31 / 100
2023
Flag → Flag
Top Product $9.58MPetroleum Coke
2023
Flag → Flag
Exports $551MRnk 62 / 223
2023
Flag → Flag
Top Product $70.1MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $5,565CURRENT US$
Rnk 118 / 195
2013-2023
Flag
GDP PC GROWTH-16.3%CURRENT US$
Rnk 174 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Iraq-United Kingdom Trade: In 2023, Iraq exported $21.2M to United Kingdom. The main products that Iraq exported to United Kingdom were Petroleum Coke ($9.58M), Coal Tar Oil ($5.69M), and Molasses ($3.06M). Over the past 5 years the exports of Iraq to United Kingdom have increased at an annualized rate of 84%, from $1.01M in 2018 to $21.2M in 2023.

In 2023, Iraq did not export any services to United Kingdom.

United Kingdom-Iraq Trade: In 2023, United Kingdom exported $551M to Iraq. The main products that United Kingdom exported to Iraq were Packaged Medicaments ($70.1M), Cars ($52.4M), and Vaccines, blood, antisera, toxins and cultures ($45.3M). Over the past 5 years the exports of United Kingdom to Iraq have increased at an annualized rate of 3.18%,  from $471M in 2018 to $551M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iraq exported $21.2M to United Kingdom. The main products exported from Iraq to United Kingdom were Petroleum Coke ($9.58M), Coal Tar Oil ($5.69M), and Molasses ($3.06M). During the last 5 years the exports of Iraq to United Kingdom have increased at an annualized rate of 84%, from $1.01M in 2018 to $21.2M in 2023.

In 2018, United Kingdom exported $551M to Iraq. The main products exported from United Kingdom to Iraq were Packaged Medicaments ($70.1M), Cars ($52.4M), and Vaccines, blood, antisera, toxins and cultures ($45.3M). During the last 5 years the exports of United Kingdom to Iraq have increased at an annualized rate of 3.18%, from $471M in 2023 to $551M in 2018.

Exports from Iraq (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Iraq (Flag) (2023)

Latest Data

Trade between Iraq (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Iraq
Top DestinationChina$35.5B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Iraq than United Kingdom included India ($29.8B), Greece ($5.68B), and Serbia ($852M).

In 2023, countries that imported more from United Kingdom than Iraq included United States ($59.7B), Germany ($34.6B), and Ireland ($29.1B).

Difference in imports from United Kingdom (Flag) and Iraq (Flag) (2023)

Comparative Advantage Iraq - United Kingdom

Flow
Scale

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

During 2023, Iraq had a large net trade with United Kingdom in the exports of Mineral Products ($15.3M), Foodstuffs ($3.81M), and Machines ($643k).

During 2018, United Kingdom had a large net trade with Iraq in the exports of Machines ($156M), Chemical Products ($152M), and Transportation ($69.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iraq United Kingdom+$4.76MPetroleum Coke
Top Product Potential United Kingdom Iraq+$53.8MCars

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

Product Space of Iraq (Flag) and United Kingdom (Flag) (2023)

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