Iraq (IRQ) and Iran (IRN) Trade | The Observatory of Economic Complexity

Iraq-Iran Trade: In 2022, Iraq exported $457M to Iran. The main products that Iraq exported to Iran were N/A. Over the past 5 years the exports of Iraq to Iran have increased at an annualized rate of 42.6%, from $77.4M in 2017 to $457M in 2022.

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

Iran-Iraq Trade: In 2022, Iran exported $7.32B to Iraq. The main products that Iran exported to Iraq were N/A. Over the past 5 years the exports of Iran to Iraq have increased at an annualized rate of 3.03%, from $6.31B in 2017 to $7.32B in 2022.

In 2022, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than Iraq included Pakistan ($943M), Turkey ($2.18B), and Armenia ($597M).

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

Potential Exports

Depth

Section

HS2

HS4

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Top 20

Top 15

Top 10

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Highest Potential

Most Saturated

Section

Top Product Potential Iraq Iran+$7.38kRefined Petroleum

Top Product Potential Iran Iraq+$6.63kRefined 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

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

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Historical Data

Market Competitiveness

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

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Iran () (NaN)

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