Iraq (IRQ) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

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Iraq-Nigeria Trade: In 2023, Iraq exported $35k to Nigeria. The main products that Iraq exported to Nigeria were Refined Petroleum ($15.7k), Office Machine Parts ($6.87k), and Electrical Transformers ($5.93k). Over the past 5 years the exports of Iraq to Nigeria have increased at an annualized rate of 31.4%, from $8.91k in 2018 to $35k in 2023.

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

Nigeria-Iraq Trade: In 2023, Nigeria exported $1.02M to Iraq. The main products that Nigeria exported to Iraq were Cranes ($621k), Spices ($245k), and Perfume Plants ($110k). Over the past 5 years the exports of Nigeria to Iraq have increased at an annualized rate of 88%, from $43.2k in 2018 to $1.02M in 2023.

In 2023, Nigeria 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, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iraq exported $35k to Nigeria. The main products exported from Iraq to Nigeria were Refined Petroleum ($15.7k), Office Machine Parts ($6.87k), and Electrical Transformers ($5.93k). During the last 5 years the exports of Iraq to Nigeria have increased at an annualized rate of 31.4%, from $8.91k in 2018 to $35k in 2023.

In 2018, Nigeria exported $1.02M to Iraq. The main products exported from Nigeria to Iraq were Cranes ($621k), Spices ($245k), and Perfume Plants ($110k). During the last 5 years the exports of Nigeria to Iraq have increased at an annualized rate of 88%, from $43.2k in 2023 to $1.02M in 2018.

Exports from Iraq () to Nigeria () (2023)

Exports from Nigeria () to Iraq () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Iraq than Nigeria included China ($35.5B), India ($29.8B), and Greece ($5.68B).

In 2023, countries that imported more from Nigeria than Iraq included Spain ($5.76B), Indonesia ($3.44B), and France ($4.76B).

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

Comparative Advantage Iraq - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iraq had a large net trade with Nigeria in the exports of Machines ($18k), Mineral Products ($15.7k), and Footwear and Headwear ($1.02k).

During 2018, Nigeria had a large net trade with Iraq in the exports of Machines ($621k) and Vegetable Products ($395k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Nigeria+$12.4kRefined Petroleum

Top Product Potential Nigeria Iraq+$42.4kCut Flowers

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Nigeria () (2023)

Exports from Nigeria () to Iraq () (2023)

Market Competitiveness

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

Comparative Advantage Iraq - Nigeria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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