Iraq (IRQ) and India (IND) Trade | The Observatory of Economic Complexity

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Iraq-India Trade: In 2023, Iraq exported $29.8B to India. The main products that Iraq exported to India were Crude Petroleum ($28.3B), Petroleum Coke ($677M), and Refined Petroleum ($601M). Over the past 5 years the exports of Iraq to India have increased at an annualized rate of 5.31%, from $23B in 2018 to $29.8B in 2023.

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

India-Iraq Trade: In 2023, India exported $3.47B to Iraq. The main products that India exported to Iraq were Refined Petroleum ($1.16B), Rice ($733M), and Frozen Bovine Meat ($278M). Over the past 5 years the exports of India to Iraq have increased at an annualized rate of 7.22%, from $1.85B in 2018 to $3.47B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iraq exported $29.8B to India. The main products exported from Iraq to India were Crude Petroleum ($28.3B), Petroleum Coke ($677M), and Refined Petroleum ($601M). During the last 5 years the exports of Iraq to India have increased at an annualized rate of 5.31%, from $23B in 2018 to $29.8B in 2023.

In 2018, India exported $3.47B to Iraq. The main products exported from India to Iraq were Refined Petroleum ($1.16B), Rice ($733M), and Frozen Bovine Meat ($278M). During the last 5 years the exports of India to Iraq have increased at an annualized rate of 7.22%, from $1.85B in 2023 to $3.47B in 2018.

Exports from Iraq () to India () (2023)

Exports from India () to Iraq () (2023)

Latest Data

Trade between Iraq () and India ()

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Iraq than India included China ($35.5B), Greece ($5.68B), and Serbia ($852M).

In 2023, countries that imported more from India than Iraq included United States ($85.5B), United Arab Emirates ($28.8B), and United Kingdom ($14.4B).

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

Comparative Advantage Iraq - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iraq had a large net trade with India in the exports of Mineral Products ($29.6B), Animal and Vegetable Bi-Products ($120M), and Vegetable Products ($81.1M).

During 2018, India had a large net trade with Iraq in the exports of Mineral Products ($1.16B), Vegetable Products ($947M), and Animal Products ($284M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq India+$907MRefined Petroleum

Top Product Potential India Iraq+$429MRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to India () (2023)

Exports from India () to Iraq () (2023)

Latest Data

Trade between Iraq () and India ()

India Exports

Market Competitiveness

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

Comparative Advantage Iraq - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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