2022
Flag  
GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
 GDP
$243BCURRENT US$
Rnk 51 / 186
2012-2022
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 106 / 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
$7,126CURRENT US$
Rnk 89 / 186
2012-2022
Flag
GDP PC GROWTH
10%CURRENT US$
Rnk 116 / 186

About

Iraq-Peru Trade: In 2022, Iraq exported $171 to Peru. The main products that Iraq exported to Peru were Iron Fasteners ($96) and Other Hand Tools ($75). Over the past 6 years the exports of Iraq to Peru have decreased at an annualized rate of 67.6%, from $149k in 2016 to $171 in 2022.

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

Peru-Iraq Trade: In 2022, Peru exported $726k to Iraq. The main products that Peru exported to Iraq were Coconuts, Brazil Nuts, and Cashews ($450k), Cars ($111k), and Other Fruits ($100k). Over the past 6 years the exports of Peru to Iraq have increased at an annualized rate of 10.5%,  from $440k in 2016 to $726k in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iraq exported $171 to Peru. The main products exported from Iraq to Peru were Iron Fasteners ($96) and Other Hand Tools ($75). During the last 6 years the exports of Iraq to Peru have decreased at an annualized rate of 67.6%, from $149k in 2016 to $171 in 2022.

In 2017, Peru exported $726k to Iraq. The main products exported from Peru to Iraq were Coconuts, Brazil Nuts, and Cashews ($450k), Cars ($111k), and Other Fruits ($100k). During the last 5 years the exports of Peru to Iraq have increased at an annualized rate of 10.5%, from $440k in 2022 to $726k in 2017.

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

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

Latest Data

Trade between Iraq (Flag) and Peru (Flag)

Peru Exports

Market Competitiveness

Color
Iraq
Top Destination
India$38.8B
Peru
Top Destination
China$17.6B

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

In 2022, countries that imported more from Iraq than Peru included India ($38.8B), China ($34B), and Greece ($6.27B).

In 2022, countries that imported more from Peru than Iraq included Japan ($2.83B), Canada ($2.69B), and Switzerland ($2.08B).

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

Comparative Advantage Iraq - Peru

Flow
Scale

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

During 2022, Iraq had a large net trade with Peru in the exports of Metals ($171).

During 2017, Peru had a large net trade with Iraq in the exports of Vegetable Products ($550k), Transportation ($111k), and Chemical Products ($65.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iraq Peru+$10.3kCrude Petroleum
Top Product Potential Peru Iraq+$314kOther Fruits

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with