Iceland (ISL) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Iceland-Iraq Trade: In 2023, Iceland exported $1.32M to Iraq. The main products that Iceland exported to Iraq were Refrigerators ($1.32M), Other Measuring Instruments ($949), and Low-voltage Protection Equipment ($408). Over the past 10 years the exports of Iceland to Iraq have increased at an annualized rate of 8.75%, from $571k in 2013 to $1.32M in 2023.

In 2023, Iceland did not export any services to Iraq.

Iraq-Iceland In N/A, Iraq did not export any products to Iceland.

In 2023, Iraq did not export any services to Iceland.

Comparison In 2023, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iceland exported $1.32M to Iraq. The main products exported from Iceland to Iraq were Refrigerators ($1.32M), Other Measuring Instruments ($949), and Low-voltage Protection Equipment ($408). During the last 10 years the exports of Iceland to Iraq have increased at an annualized rate of 8.75%, from $571k in 2013 to $1.32M in 2023.

Iraq does not register exports to Iceland. The main products exported from Iraq to Iceland were Motor vehicles; parts and accessories (8701 to 8705) ($631), Other Oily Seeds ($456), and Sauces and Seasonings ($381).

Exports from Iceland () to Iraq () (2023)

Exports from Iraq () to Iceland () (2023)

Latest Data

Trade between Iceland () and Iraq ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Iceland than Iraq included United Kingdom ($607M), Norway ($444M), and Poland ($298M).

In 2023, countries that imported more from Iraq than Iceland included China ($35.5B), India ($29.8B), and United States ($8.92B).

Difference in imports from Iraq () and Iceland () (2023)

Comparative Advantage Iceland - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iceland had a large net trade with Iraq in the exports of Machines ($1.32M), Instruments ($949), and Plastics and Rubbers ($377).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Iceland and Iraq. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Iceland.

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Iraq () (2023)

Exports from Iraq () to Iceland () (2023)

Latest Data

Trade between Iceland () and Iraq ()

Iceland Exports

Market Competitiveness

Difference in imports from Iraq () and Iceland () (2023)

Comparative Advantage Iceland - Iraq

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Iraq () (2023)

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