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

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Iraq-United States Trade: In 2023, Iraq exported $8.92B to United States. The main products that Iraq exported to United States were Crude Petroleum ($6.01B), Refined Petroleum ($2.9B), and Documents of title (bonds etc) and unused stamps ($7.43M). Over the past 5 years the exports of Iraq to United States have decreased at an annualized rate of 5.95%, from $12.1B in 2018 to $8.92B in 2023.

In 2023, Iraq did not export any services to United States.

United States-Iraq Trade: In 2023, United States exported $1.42B to Iraq. The main products that United States exported to Iraq were Cars ($242M), Rice ($149M), and Gas Turbines ($98.7M). Over the past 5 years the exports of United States to Iraq have increased at an annualized rate of 2.34%, from $1.26B in 2018 to $1.42B in 2023.

In 2023, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iraq exported $8.92B to United States. The main products exported from Iraq to United States were Crude Petroleum ($6.01B), Refined Petroleum ($2.9B), and Documents of title (bonds etc) and unused stamps ($7.43M). During the last 5 years the exports of Iraq to United States have decreased at an annualized rate of 5.95%, from $12.1B in 2018 to $8.92B in 2023.

In 2018, United States exported $1.42B to Iraq. The main products exported from United States to Iraq were Cars ($242M), Rice ($149M), and Gas Turbines ($98.7M). During the last 5 years the exports of United States to Iraq have increased at an annualized rate of 2.34%, from $1.26B in 2023 to $1.42B in 2018.

Exports from Iraq () to United States () (2023)

Exports from United States () to Iraq () (2023)

Latest Data

Trade between Iraq () and United States ()

United States Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

United States
Top DestinationCanada$269B

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 2023, countries that imported more from Iraq than United States included Greece ($5.68B) and Serbia ($852M).

In 2023, countries that imported more from United States than Iraq included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States () and Iraq () (2023)

Comparative Advantage Iraq - United States

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iraq had a large net trade with United States in the exports of Mineral Products ($8.91B), Paper Goods ($7.43M), and Foodstuffs ($1.46M).

During 2018, United States had a large net trade with Iraq in the exports of Machines ($406M), Transportation ($369M), and Vegetable Products ($296M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq United States+$3.44BCrude Petroleum

Top Product Potential United States Iraq+$83.3MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to United States () (2023)

Exports from United States () to Iraq () (2023)

Latest Data

Trade between Iraq () and United States ()

United States Exports

Market Competitiveness

Difference in imports from United States () and Iraq () (2023)

Comparative Advantage Iraq - United States

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and United States () (2023)

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