Iraq (IRQ) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Iraq-Portugal Trade: In 2022, Iraq exported $76.7k to Portugal. The main products that Iraq exported to Portugal were Eggs ($60.4k), Shaped Paper ($4.56k), and Non-Knit Women's Suits ($2.87k). Over the past 5 years the exports of Iraq to Portugal have decreased at an annualized rate of 80.8%, from $294M in 2017 to $76.7k in 2022.

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

Portugal-Iraq Trade: In 2022, Portugal exported $32M to Iraq. The main products that Portugal exported to Iraq were Eggs ($15.4M), Packaged Medicaments ($5.95M), and Other Furniture ($2.48M). Over the past 5 years the exports of Portugal to Iraq have increased at an annualized rate of 2.69%, from $28M in 2017 to $32M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $76.7k to Portugal. The main products exported from Iraq to Portugal were Eggs ($60.4k), Shaped Paper ($4.56k), and Non-Knit Women's Suits ($2.87k). During the last 5 years the exports of Iraq to Portugal have decreased at an annualized rate of 80.8%, from $294M in 2017 to $76.7k in 2022.

In 2017, Portugal exported $32M to Iraq. The main products exported from Portugal to Iraq were Eggs ($15.4M), Packaged Medicaments ($5.95M), and Other Furniture ($2.48M). During the last 5 years the exports of Portugal to Iraq have increased at an annualized rate of 2.69%, from $28M in 2022 to $32M in 2017.

Exports from Iraq () to Portugal () (2022)

Exports from Portugal () to Iraq () (2022)

Latest Data

Trade between Iraq () and Portugal ()

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Portugal
Top DestinationSpain$20.5B

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

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

In 2022, countries that imported more from Portugal than Iraq included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Iraq - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Portugal in the exports of Animal Products ($60.4k), Paper Goods ($5.21k), and Textiles ($4.5k).

During 2017, Portugal had a large net trade with Iraq in the exports of Animal Products ($15.4M), Chemical Products ($6.54M), and Miscellaneous ($3.92M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Portugal+$13.6kCrude Petroleum

Top Product Potential Portugal Iraq+$4.73MPackaged 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 Portugal. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Iraq.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Portugal () (2022)

Exports from Portugal () to Iraq () (2022)

Latest Data

Trade between Iraq () and Portugal ()

Portugal Exports

Market Competitiveness

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

Comparative Advantage Iraq - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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