Iraq (IRQ) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Iraq-Russia Trade: In 2021, Iraq exported $49.1k to Russia. The main products that Iraq exported to Russia were N/A. Over the past 5 years the exports of Iraq to Russia have increased at an annualized rate of 28.5%, from $14k in 2016 to $49.1k in 2021.

In 2021, Iraq did not export any services to Russia.

Russia-Iraq Trade: In 2021, Russia exported $283M to Iraq. The main products that Russia exported to Iraq were N/A. Over the past 5 years the exports of Russia to Iraq have increased at an annualized rate of 1.02%, from $269M in 2016 to $283M in 2021.

In 2017, Russia exported services to Iraq worth $21.6M, with Other business services ($20.5M), Insurance services ($500k), and Transportation ($400k) being the largest in terms of value.

Comparison: In 2023, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Iraq exported $49.1k to Russia. There were not main exports from Iraq to Russia in 2021. During the last 5 years the exports of Iraq to Russia have increased at an annualized rate of 28.5%, from $14k in 2016 to $49.1k in 2021.

In 2016, Russia exported $283M to Iraq. There were not main exports from Russia to Iraq in 2016. During the last 5 years the exports of Russia to Iraq have increased at an annualized rate of 1.02%, from $269M in 2021 to $283M in 2016.

Exports from Iraq () to Russia () (2021)

Exports from Russia () to Iraq () (2021)

Latest Data

Trade between Iraq () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Iraq than Russia included United States ($8.92B), Greece ($5.68B), and Netherlands ($5.26B).

In 2023, countries that imported more from Russia than Iraq included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Iraq - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Iraq had a large net trade with Russia in the exports of .

During 2016, Russia had a large net trade with Iraq in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Russia+$9.1kRefined Petroleum

Top Product Potential Russia Iraq+$13.2kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Russia () (2021)

Exports from Russia () to Iraq () (2021)

Latest Data

Trade between Iraq () and Russia ()

Russia Exports

Market Competitiveness

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

Comparative Advantage Iraq - Russia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Russia () (2021)

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