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

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Iraq-Saudi Arabia Trade: In 2023, Iraq exported $20.5M to Saudi Arabia. The main products that Iraq exported to Saudi Arabia were Scrap Aluminium ($12.6M), Stranded Aluminium Wire ($3.42M), and Insect Resins ($1.43M). Over the past 5 years the exports of Iraq to Saudi Arabia have increased at an annualized rate of 12.1%, from $11.5M in 2018 to $20.5M in 2023.

In 2023, Iraq did not export any services to Saudi Arabia.

Saudi Arabia-Iraq Trade: In 2023, Saudi Arabia exported $1.29B to Iraq. The main products that Saudi Arabia exported to Iraq were Pasta ($160M), Aluminium Plating ($142M), and Stranded Copper Wire ($83.5M). Over the past 5 years the exports of Saudi Arabia to Iraq have increased at an annualized rate of 14.7%, from $651M in 2018 to $1.29B in 2023.

In 2023, Saudi Arabia did not export any services to Iraq.

Comparison: In 2023, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iraq exported $20.5M to Saudi Arabia. The main products exported from Iraq to Saudi Arabia were Scrap Aluminium ($12.6M), Stranded Aluminium Wire ($3.42M), and Insect Resins ($1.43M). During the last 5 years the exports of Iraq to Saudi Arabia have increased at an annualized rate of 12.1%, from $11.5M in 2018 to $20.5M in 2023.

In 2018, Saudi Arabia exported $1.29B to Iraq. The main products exported from Saudi Arabia to Iraq were Pasta ($160M), Aluminium Plating ($142M), and Stranded Copper Wire ($83.5M). During the last 5 years the exports of Saudi Arabia to Iraq have increased at an annualized rate of 14.7%, from $651M in 2023 to $1.29B in 2018.

Exports from Iraq () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Iraq () (2023)

Latest Data

Trade between Iraq () and Saudi Arabia ()

Saudi Arabia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

Saudi Arabia
Top DestinationChina$64.4B

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 2023, countries that imported more from Iraq than Saudi Arabia included Greece ($5.68B), Netherlands ($5.26B), and Serbia ($852M).

In 2023, countries that imported more from Saudi Arabia than Iraq included Japan ($34.7B), China ($64.4B), and Malaysia ($9.59B).

Difference in imports from Saudi Arabia () and Iraq () (2023)

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 2023, Iraq had a large net trade with Saudi Arabia in the exports of Metals ($16M), Vegetable Products ($2.21M), and Plastics and Rubbers ($613k).

During 2018, Saudi Arabia had a large net trade with Iraq in the exports of Metals ($363M), Foodstuffs ($259M), and Machines ($152M).

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.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Saudi Arabia () (2023)

Exports from Saudi Arabia () to Iraq () (2023)

Latest Data

Trade between Iraq () and Saudi Arabia ()

Saudi Arabia Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Iraq () (2023)

Comparative Advantage Iraq - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Saudi Arabia () (2023)

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