Flag South Korea / Iraq Flag

2021
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Exports
: $986M, Rnk 53 / 218

2021
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Top Product
: $212M, Delivery Trucks

2021
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Exports
: $4.67B, Rnk 4 / 100

2021
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Top Product
: $3.5B, Crude Petroleum

2021
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Economic Complexity (ECI)
: ECI 1.82, Rnk 4 / 131

2021
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Economic Complexity (ECI)
: ECI -1.12, Rnk 112 / 131

2021
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GDP
: $1.8T, CURRENT US$
Rnk 10 / 182

2011-2021
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GDP GROWTH
: 43.5%, CURRENT US$
Rnk 64 / 182

2021
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 GDP
: $208B, CURRENT US$
Rnk 50 / 182

2011-2021
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GDP GROWTH
: 11.9%, CURRENT US$
Rnk 124 / 182

2021
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GDP PC 
: $34,758, CURRENT US$
Rnk 28 / 182

2011-2021
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GDP PC GROWTH
: 38.5%, CURRENT US$
Rnk 43 / 182

2021
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GDP PC
: $5,048, CURRENT US$
Rnk 98 / 182

2011-2021
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GDP PC GROWTH
: -16.5%, CURRENT US$
Rnk 158 / 182

South Korea-Iraq In 2021, South Korea exported $986M to Iraq. The main products that South Korea exported to Iraq are Delivery Trucks ($212M), Cars ($175M), and Motor vehicles; parts and accessories (8701 to 8705) ($81.3M). During the last 26 years the exports of South Korea to Iraq have increased at an annualized rate of 45.8%, from $54.4k in 1995 to $986M in 2021.

In 2021, South Korea did not export any services to Iraq.

Iraq-South Korea In 2021, Iraq exported $4.67B to South Korea. The main products that Iraq exported to South Korea were Crude Petroleum ($3.5B), Refined Petroleum ($1.18B), and Scrap Aluminium ($2.44M). During the last 26 years the exports of Iraq to South Korea have increased at an annualized rate of 18.5%, from $56.3M in 1995 to $4.67B in 2021.

In 2021, Iraq did not export any services to South Korea.

Comparison In 2021,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B). That same year, Iraq ranked 112 in the Economic Complexity Index (ECI -1.12), and 45 in total exports ($81.1B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, South Korea exported $986M to Iraq. The main products exported from South Korea to Iraq were Delivery Trucks ($212M), Cars ($175M), and Motor vehicles; parts and accessories (8701 to 8705) ($81.3M). During the last 26 years the exports of South Korea to Iraq have increased at an annualized rate of 45.8%, from $54.4k in 1995 to $986M in 2021.

In 2021, Iraq exported $4.67B to South Korea. The main products exported from Iraq to South Korea were Crude Petroleum ($3.5B), Refined Petroleum ($1.18B), and Scrap Aluminium ($2.44M). During the last 23 years the exports of Iraq to South Korea have increased at an annualized rate of 18.5%, from $56.3M in 1998 to $4.67B in 2021.

Market Competitiveness

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Color

South Korea
Top Destination
: China, $158B

Iraq
Top Destination
: India, $23.5B

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 2021, countries that imported more from South Korea than Iraq were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

In 2021, countries that imported more from Iraq than South Korea were India ($23.5B), Greece ($8.7B), and Serbia ($755M).

Comparative Advantage South Korea - Iraq

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Flow
Scale

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

During 2021, South Korea had a large net trade with Iraq in the exports of Transportation ($531M), Machines ($242M), and Mineral Products ($76.4M).

During 2021, Iraq had a large net trade with South Korea in the exports of Mineral Products ($4.67B), Metals ($2.44M), and Instruments ($125k).

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 yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Iraq. Similarly, the more yellow a dot/product is, the more Iraq has comparative advantage over South Korea.