2022
Flag  
GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC 
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
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About

Iraq-Venezuela In 2013, Iraq exported $730k to Venezuela. The main products that Iraq exported to Venezuela are N/A. During the last 16 years the exports of Iraq to Venezuela have increased at an annualized rate of 19.3%, from $43.6k in 1997 to $730k in 2013.

In 2013, Iraq did not export any services to Venezuela.

Venezuela-Iraq In 2013, Venezuela exported $87.4k to Iraq. The main products that Venezuela exported to Iraq were N/A. During the last 16 years the exports of Venezuela to Iraq have increased at an annualized rate of 51.8%, from $110 in 1997 to $87.4k in 2013.

In 2013, Venezuela did not export any services to Iraq.

Comparison In 2022,  Iraq ranked 104 in the Economic Complexity Index (ECI -0.99), and 36 in total exports ($123B). That same year, Venezuela ranked 99 in the Economic Complexity Index (ECI -0.9), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2013, Iraq exported $730k to Venezuela. There were not main exports from Iraq to Venezuela in 2013. During the last 16 years the exports of Iraq to Venezuela have increased at an annualized rate of 19.3%, from $43.6k in 1997 to $730k in 2013.

In 2013, Venezuela exported $87.4k to Iraq. There were not main exports from Venezuela to Iraq in 2013. During the last 9 years the exports of Venezuela to Iraq have increased at an annualized rate of 51.8%, from $110 in 2004 to $87.4k in 2013.

Exports from Iraq (Flag) to Venezuela (Flag) (2013)

Exports from Venezuela (Flag) to Iraq (Flag) (2013)

Market Competitiveness

Color
Iraq
Top Destination
India$38.8B
Venezuela
Top Destination
China$703M

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

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

In 2021, countries that imported more from Venezuela than Iraq were Brazil ($361M), Lebanon ($150M), and Poland ($101M).

Difference in imports from Venezuela (Flag) and Iraq (Flag) (2022)

Comparative Advantage Iraq - Venezuela

Flow
Scale

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

During 2013, Iraq had a large net trade with Venezuela in the exports of .

During 2013, Venezuela had a large net trade with Iraq in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Iraq (Flag) and Venezuela (Flag) (2013)

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