Iraq (IRQ) and Serbia (SRB) Trade | The Observatory of Economic Complexity

About

Iraq-Serbia In 2022, Iraq exported $1.21B to Serbia. The main products that Iraq exported to Serbia are Crude Petroleum ($1.21B) and Refined Petroleum ($31.6k). During the last 13 years the exports of Iraq to Serbia have increased at an annualized rate of 225%, from $270 in 2009 to $1.21B in 2022.

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

Serbia-Iraq In 2022, Serbia exported $12.7M to Iraq. The main products that Serbia exported to Iraq were Packaged Medicaments ($3.53M), Corn ($2.3M), and Plastic Pipes ($1.64M). During the last 13 years the exports of Serbia to Iraq have increased at an annualized rate of 12.4%, from $2.77M in 2009 to $12.7M in 2022.

In 2009, Serbia exported services to Iraq worth $3.24M, with Other business services ($2.8M), Compensation of employees ($141k), and Personal, cultural, and recreational services ($133k) being the largest in terms of value.

Comparison In 2022, Iraq ranked 104 in the Economic Complexity Index (ECI -0.99), and 36 in total exports ($123B). That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $1.21B to Serbia. The main products exported from Iraq to Serbia were Crude Petroleum ($1.21B) and Refined Petroleum ($31.6k). During the last 13 years the exports of Iraq to Serbia have increased at an annualized rate of 225%, from $270 in 2009 to $1.21B in 2022.

In 2022, Serbia exported $12.7M to Iraq. The main products exported from Serbia to Iraq were Packaged Medicaments ($3.53M), Corn ($2.3M), and Plastic Pipes ($1.64M). During the last 16 years the exports of Serbia to Iraq have increased at an annualized rate of 12.4%, from $2.77M in 2006 to $12.7M in 2022.

Exports from Iraq () to Serbia () (2022)

Exports from Serbia () to Iraq () (2022)

Latest Data

Trade between Iraq () and Serbia ()

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Serbia
Top DestinationGermany$4B

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

In 2021, countries that imported more from Iraq than Serbia were India ($38.8B), China ($34B), and United States ($10.3B).

In 2021, countries that imported more from Serbia than Iraq were Bosnia and Herzegovina ($2.14B), Germany ($4B), and Hungary ($1.69B).

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

Comparative Advantage Iraq - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Serbia in the exports of Mineral Products ($1.21B).

During 2022, Serbia had a large net trade with Iraq in the exports of Chemical Products ($3.88M), Plastics and Rubbers ($3.19M), and Vegetable Products ($2.36M).

Service Trade

Bilateral Service Trade

Srb Year

In 2009, Serbia exported services to Iraq worth $3.24M, with Other business services ($2.8M), Compensation of employees ($141k), and Personal, cultural, and recreational services ($133k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia () to Iraq () (2009)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Iraq has comparative advantage over Serbia. Similarly, the more yellow a dot/product is, the more Serbia has comparative advantage over Iraq.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Serbia () (2022)

Exports from Serbia () to Iraq () (2022)

Latest Data

Trade between Iraq () and Serbia ()

Serbia Exports

Market Competitiveness

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

Comparative Advantage Iraq - Serbia

Service Trade

Bilateral Service Trade

Services Exports from Serbia () to Iraq () (2009)

Economic Complexity

Competitive Landscape

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

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