Iraq (IRQ) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

About

Iraq-Hong Kong Trade: In 2023, Iraq exported $2.61M to Hong Kong. The main products that Iraq exported to Hong Kong were Base Metal Watches ($2.51M), Telephones ($41k), and Air Pumps ($24.9k). Over the past 5 years the exports of Iraq to Hong Kong have increased at an annualized rate of 2.38%, from $2.32M in 2018 to $2.61M in 2023.

In 2023, Iraq did not export any services to Hong Kong.

Hong Kong-Iraq Trade: In 2023, Hong Kong exported $21.2M to Iraq. The main products that Hong Kong exported to Iraq were Broadcasting Equipment ($11.4M), Chemical Analysis Instruments ($2.64M), and Medical Instruments ($2.33M). Over the past 5 years the exports of Hong Kong to Iraq have decreased at an annualized rate of 25.3%, from $91.4M in 2018 to $21.2M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iraq exported $2.61M to Hong Kong. The main products exported from Iraq to Hong Kong were Base Metal Watches ($2.51M), Telephones ($41k), and Air Pumps ($24.9k). During the last 5 years the exports of Iraq to Hong Kong have increased at an annualized rate of 2.38%, from $2.32M in 2018 to $2.61M in 2023.

In 2018, Hong Kong exported $21.2M to Iraq. The main products exported from Hong Kong to Iraq were Broadcasting Equipment ($11.4M), Chemical Analysis Instruments ($2.64M), and Medical Instruments ($2.33M). During the last 5 years the exports of Hong Kong to Iraq have decreased at an annualized rate of 25.3%, from $91.4M in 2023 to $21.2M in 2018.

Exports from Iraq () to Hong Kong () (2023)

Exports from Hong Kong () to Iraq () (2023)

Latest Data

Trade between Iraq () and Hong Kong ()

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

Hong Kong
Top DestinationChina$25.3B

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

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

In 2023, countries that imported more from Hong Kong than Iraq included Vietnam ($14.4B), South Korea ($9.5B), and Switzerland ($4.86B).

Difference in imports from Hong Kong () and Iraq () (2023)

Comparative Advantage Iraq - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iraq had a large net trade with Hong Kong in the exports of Instruments ($2.51M), Machines ($84.8k), and Metals ($12.3k).

During 2018, Hong Kong had a large net trade with Iraq in the exports of Machines ($12.9M), Instruments ($5.5M), and Plastics and Rubbers ($1.79M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Hong Kong+$1.25MTelephones

Top Product Potential Hong Kong Iraq+$11.5MTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Iraq and Hong Kong. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Iraq.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Hong Kong () (2023)

Exports from Hong Kong () to Iraq () (2023)

Latest Data

Trade between Iraq () and Hong Kong ()

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Iraq () (2023)

Comparative Advantage Iraq - Hong Kong

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Iraq () and Hong Kong () (2023)

Keep Exploring