Flag South Korea / Iraq Flag

Exports FlagFlag  (2018): $1.91B, Rnk 39 / 210

Top Product FlagFlag (2018): $368M, Planes, Helicopters, and/or Spacecraft

Exports FlagFlag (2018): $8.47B, Rnk 4 / 71

Top Product FlagFlag (2018): $8.41B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

Economic Complexity of Flag (2018): ECI -0.91, Rnk 109 / 137

South Korea-Iraq: In 2018, South Korea exported $1.91B to Iraq. The main products exported from South Korea to Iraq were Planes, Helicopters, and/or Spacecraft ($368M), Cars ($340M), and Delivery Trucks ($151M). During the last 23 years the exports of South Korea to Iraq have increased at an annualized rate of 57.7%, from $53.6k in 1995 to $1.91B in 2018.

Iraq-South Korea: In 2018, Iraq exported $8.47B to South Korea. The main products exported from Iraq to South Korea were Crude Petroleum ($8.41B), Refined Petroleum ($59.3M), and Trailers ($385k). During the last 20 years the exports of Iraq to South Korea have increased at an annualized rate of 24.2%, from $57.5M in 1998 to $8.47B in 2018.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). That same year, Iraq ranked 109 in the Economic Complexity Index (ECI -0.91), and 40 in total exports ($87.4B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, South Korea exported $1.91B to Iraq. The main products exported from South Korea to Iraq were Planes, Helicopters, and/or Spacecraft ($368M), Cars ($340M), and Delivery Trucks ($151M). During the last 23 years the exports of South Korea to Iraq have increased at an annualized rate of 57.7%, from $53.6k in 1995 to $1.91B in 2018.

In 2018, Iraq exported $8.47B to South Korea. The main products exported from Iraq to South Korea were Crude Petroleum ($8.41B), Refined Petroleum ($59.3M), and Trailers ($385k). During the last 20 years the exports of Iraq to South Korea have increased at an annualized rate of 24.2%, from $57.5M in 1998 to $8.47B in 2018.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Iraq
Top Destination
: India, $20.8B

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

In 2018, countries that imported more from South Korea than Iraq were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

In 2018, countries that imported more from Iraq than South Korea were India ($20.8B), Greece ($4.92B), and Serbia ($684M).

Comparative Advantage South Korea - Iraq

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Depth

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

During 2018, South Korea had a large net trade with Iraq in the exports of Transportation ($950M), Machines ($460M), and Metals ($222M).

During 2018, Iraq had a large net trade with South Korea in the exports of Mineral Products ($8.47B), Transportation ($385k), and Metals ($95k).

Trade Forecasts

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This section shows a forecast for total trade between South Korea and Iraq. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Iraq. Similarly, the more red a dot/product is, the more Iraq has comparative advantage over South Korea.