Iraq (IRQ) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Iraq-Italy Trade: In 2022, Iraq exported $4.67B to Italy. The main products that Iraq exported to Italy were Crude Petroleum ($4.66B), Tanned Equine and Bovine Hides ($1.53M), and Tanned Sheep Hides ($1.09M). Over the past 5 years the exports of Iraq to Italy have increased at an annualized rate of 10.3%, from $2.86B in 2017 to $4.67B in 2022.

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

Italy-Iraq Trade: In 2022, Italy exported $806M to Iraq. The main products that Italy exported to Iraq were Gas Turbines ($73.5M), Valves ($45M), and Other Agricultural Machinery ($43.4M). Over the past 5 years the exports of Italy to Iraq have increased at an annualized rate of 1.55%, from $640M in 2017 to $806M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $4.67B to Italy. The main products exported from Iraq to Italy were Crude Petroleum ($4.66B), Tanned Equine and Bovine Hides ($1.53M), and Tanned Sheep Hides ($1.09M). During the last 5 years the exports of Iraq to Italy have increased at an annualized rate of 10.3%, from $2.86B in 2017 to $4.67B in 2022.

In 2017, Italy exported $806M to Iraq. The main products exported from Italy to Iraq were Gas Turbines ($73.5M), Valves ($45M), and Other Agricultural Machinery ($43.4M). During the last 5 years the exports of Italy to Iraq have increased at an annualized rate of 1.55%, from $640M in 2022 to $806M in 2017.

Exports from Iraq () to Italy () (2022)

Exports from Italy () to Iraq () (2022)

Latest Data

Trade between Iraq () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Iraq than Italy included India ($38.8B), China ($34B), and South Korea ($8.21B).

In 2022, countries that imported more from Italy than Iraq included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

Comparative Advantage Iraq - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Italy in the exports of Mineral Products ($4.66B), Animal Hides ($2.83M), and Machines ($695k).

During 2017, Italy had a large net trade with Iraq in the exports of Machines ($481M), Metals ($74.1M), and Chemical Products ($62.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Italy+$812MCrude Petroleum

Top Product Potential Italy Iraq+$32.1MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to Italy () (2022)

Exports from Italy () to Iraq () (2022)

Latest Data

Trade between Iraq () and Italy ()

Italy Exports

Market Competitiveness

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

Comparative Advantage Iraq - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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