Iraq (IRQ) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Iraq-Saudi Arabia Trade: In 2021, Iraq exported $17.6M to Saudi Arabia. The main products that Iraq exported to Saudi Arabia were N/A. Over the past 5 years the exports of Iraq to Saudi Arabia have increased at an annualized rate of 23.7%, from $6.1M in 2016 to $17.6M in 2021.

In 2021, Iraq did not export any services to Saudi Arabia.

Saudi Arabia-Iraq Trade: In 2021, Saudi Arabia exported $1.02B to Iraq. The main products that Saudi Arabia exported to Iraq were N/A. Over the past 5 years the exports of Saudi Arabia to Iraq have increased at an annualized rate of 20.2%, from $407M in 2016 to $1.02B in 2021.

In 2021, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Iraq exported $17.6M to Saudi Arabia. There were not main exports from Iraq to Saudi Arabia in 2021. During the last 5 years the exports of Iraq to Saudi Arabia have increased at an annualized rate of 23.7%, from $6.1M in 2016 to $17.6M in 2021.

In 2016, Saudi Arabia exported $1.02B to Iraq. There were not main exports from Saudi Arabia to Iraq in 2016. During the last 5 years the exports of Saudi Arabia to Iraq have increased at an annualized rate of 20.2%, from $407M in 2021 to $1.02B in 2016.

Exports from Iraq () to Saudi Arabia () (2021)

Exports from Saudi Arabia () to Iraq () (2021)

Latest Data

Trade between Iraq () and Saudi Arabia ()

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Iraq than Saudi Arabia included Greece ($6.27B), Serbia ($1.21B), and Austria ($525M).

In 2022, countries that imported more from Saudi Arabia than Iraq included Japan ($36.5B), China ($68B), and South Korea ($36B).

Difference in imports from Saudi Arabia () and Iraq () (2022)

Comparative Advantage Iraq - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2016, Saudi Arabia 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 Saudi Arabia+$15.4kCrude Petroleum

Top Product Potential Saudi Arabia Iraq+$15.6kRefined 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 Saudi Arabia. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Iraq.

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to Saudi Arabia () (2021)

Exports from Saudi Arabia () to Iraq () (2021)

Latest Data

Trade between Iraq () and Saudi Arabia ()

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Iraq () (2022)

Comparative Advantage Iraq - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Saudi Arabia () (2021)

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