2022
Flag  
GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
 GDP
$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH
2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC 
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186
2022
Flag
GDP PC
$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH
-19.9%CURRENT US$
Rnk 173 / 186

About

Iraq-Nigeria Trade: In 2022, Iraq exported $23k to Nigeria. The main products that Iraq exported to Nigeria were Ball Bearings ($13.9k), Other Measuring Instruments ($4.96k), and Air Conditioners ($2.19k). Over the past 5 years the exports of Iraq to Nigeria have decreased at an annualized rate of 22.2%, from $80.7k in 2017 to $23k in 2022.

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

Nigeria-Iraq Trade: In 2022, Nigeria exported $512k to Iraq. The main products that Nigeria exported to Iraq were Ground Nuts ($461k), Sowing Seeds ($32.2k), and Cut Flowers ($19.5k). Over the past 5 years the exports of Nigeria to Iraq have increased at an annualized rate of 21.8%,  from $191k in 2017 to $512k in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iraq exported $23k to Nigeria. The main products exported from Iraq to Nigeria were Ball Bearings ($13.9k), Other Measuring Instruments ($4.96k), and Air Conditioners ($2.19k). During the last 5 years the exports of Iraq to Nigeria have decreased at an annualized rate of 22.2%, from $80.7k in 2017 to $23k in 2022.

In 2017, Nigeria exported $512k to Iraq. The main products exported from Nigeria to Iraq were Ground Nuts ($461k), Sowing Seeds ($32.2k), and Cut Flowers ($19.5k). During the last 5 years the exports of Nigeria to Iraq have increased at an annualized rate of 21.8%, from $191k in 2022 to $512k in 2017.

Exports from Iraq (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Iraq (Flag) (2022)

Market Competitiveness

Color
Iraq
Top Destination
India$38.8B
Nigeria
Top Destination
Spain$9.41B

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

In 2022, countries that imported more from Nigeria than Iraq included Spain ($9.41B), Indonesia ($3.83B), and France ($4.95B).

Difference in imports from Nigeria (Flag) and Iraq (Flag) (2022)

Comparative Advantage Iraq - Nigeria

Flow
Scale

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

During 2022, Iraq had a large net trade with Nigeria in the exports of Machines ($18.1k) and Instruments ($4.96k).

During 2017, Nigeria had a large net trade with Iraq in the exports of Vegetable Products ($512k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Iraq (Flag) and Nigeria (Flag) (2022)

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