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Pricing

2022
Flag → Flag
Exports $10.3BRnk 3 / 101
2022
Flag → Flag
Top Product $7.87BCrude Petroleum
2022
Flag → Flag
Exports $897MRnk 84 / 219
2022
Flag → Flag
Top Product $79.4MCars
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH-7.77%CURRENT US$
Rnk 158 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Iraq-United States Trade: In 2022, Iraq exported $10.3B to United States. The main products that Iraq exported to United States were Crude Petroleum ($7.87B), Refined Petroleum ($2.45B), and Documents of title (bonds etc) and unused stamps ($3.29M). Over the past 5 years the exports of Iraq to United States have decreased at an annualized rate of 1.53%, from $11.2B in 2017 to $10.3B in 2022.

In 2022, Iraq did not export any services to United States.

United States-Iraq Trade: In 2022, United States exported $897M to Iraq. The main products that United States exported to Iraq were Cars ($79.4M), Excavation Machinery ($59.5M), and Rice ($59.3M). Over the past 5 years the exports of United States to Iraq have decreased at an annualized rate of 2.88%,  from $1.04B in 2017 to $897M in 2022.

In 2022, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iraq exported $10.3B to United States. The main products exported from Iraq to United States were Crude Petroleum ($7.87B), Refined Petroleum ($2.45B), and Documents of title (bonds etc) and unused stamps ($3.29M). During the last 5 years the exports of Iraq to United States have decreased at an annualized rate of 1.53%, from $11.2B in 2017 to $10.3B in 2022.

In 2017, United States exported $897M to Iraq. The main products exported from United States to Iraq were Cars ($79.4M), Excavation Machinery ($59.5M), and Rice ($59.3M). During the last 5 years the exports of United States to Iraq have decreased at an annualized rate of 2.88%, from $1.04B in 2022 to $897M in 2017.

Exports from Iraq (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Iraq (Flag) (2022)

Latest Data

Trade between Iraq (Flag) and United States (Flag)

United States Exports

Market Competitiveness

Color
Iraq
Top DestinationIndia$38.8B
United States
Top DestinationCanada$308B

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 2022, countries that imported more from Iraq than United States included Greece ($6.27B) and Serbia ($1.21B).

In 2022, countries that imported more from United States than Iraq included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Iraq (Flag) (2022)

Comparative Advantage Iraq - United States

Flow
Scale

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

During 2022, Iraq had a large net trade with United States in the exports of Mineral Products ($10.3B), Paper Goods ($3.29M), and Foodstuffs ($1.02M).

During 2017, United States had a large net trade with Iraq in the exports of Machines ($358M), Vegetable Products ($144M), and Transportation ($127M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

Product Space of Iraq (Flag) and United States (Flag) (2022)

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