Iraq (IRQ) and United States (USA) Trade | OEC - The Observatory of Economic Complexity

About

Iraq-United States In 2020, Iraq exported $2.85B to United States. The main products that Iraq exported to United States are Crude Petroleum ($2.82B), Refined Petroleum ($21.6M), and Antiques ($5.28M). During the last 23 years the exports of Iraq to United States have increased at an annualized rate of 10.8%, from $270M in 1997 to $2.85B in 2020.

In 2020, Iraq did not export any services to United States.

United States-Iraq In 2020, United States exported $729M to Iraq. The main products that United States exported to Iraq were Gas Turbines ($61.7M), Cars ($32.5M), and Excavation Machinery ($31.8M). During the last 23 years the exports of United States to Iraq have increased at an annualized rate of 27.5%, from $2.72M in 1997 to $729M in 2020.

In 2020, United States did not export any services to Iraq.

Comparison In 2020, Iraq ranked 90 in the Economic Complexity Index (ECI -0.69), and 44 in total exports ($58.3B). That same year, United States ranked 9 in the Economic Complexity Index (ECI 1.56), and 2 in total exports ($1.34T).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2020, Iraq exported $2.85B to United States. The main products exported from Iraq to United States were Crude Petroleum ($2.82B), Refined Petroleum ($21.6M), and Antiques ($5.28M). During the last 23 years the exports of Iraq to United States have increased at an annualized rate of 10.8%, from $270M in 1997 to $2.85B in 2020.

In 2020, United States exported $729M to Iraq. The main products exported from United States to Iraq were Gas Turbines ($61.7M), Cars ($32.5M), and Excavation Machinery ($31.8M). During the last 24 years the exports of United States to Iraq have increased at an annualized rate of 27.5%, from $2.72M in 1996 to $729M in 2020.

Latest Data

United States Exports

Date

Market Competitiveness

Measure

SectionYear

Iraq
Top Destination: China, $17B

United States
Top Destination: Canada, $218B

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

In 2019, countries that imported more from Iraq than United States were Greece ($2.05B) and Serbia ($435M).

In 2019, countries that imported more from United States than Iraq were Canada ($218B), Mexico ($196B), and China ($122B).

Comparative Advantage Iraq - United States

Flow

Scale

Year

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

During 2020, Iraq had a large net trade with United States in the exports of Mineral Products ($2.84B), Arts and Antiques ($5.34M), and Precious Metals ($4.14M).

During 2020, United States had a large net trade with Iraq in the exports of Machines ($321M), Chemical Products ($102M), and Instruments ($94.6M).

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 United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over Iraq.

About

Historical Data

Bilateral Trade by Products

Latest Data

United States Exports

Market Competitiveness

Comparative Advantage Iraq - United States

Economic Complexity

Competitive Landscape

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