Sri Lanka (LKA) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Sri Lanka-Iraq Trade: In 2022, Sri Lanka exported $164M to Iraq. The main products that Sri Lanka exported to Iraq were Tea ($153M), Coconuts, Brazil Nuts, and Cashews ($7.83M), and Other Vegetable Residues ($546k). Over the past 6 years the exports of Sri Lanka to Iraq have increased at an annualized rate of 6.65%, from $112M in 2016 to $164M in 2022.

In 2022, Sri Lanka did not export any services to Iraq.

Iraq-Sri Lanka Trade: In 2022, Iraq exported $23.3M to Sri Lanka. The main products that Iraq exported to Sri Lanka were Petroleum Gas ($23M), Tropical Fruits ($281k), and Computers ($162). Over the past 6 years the exports of Iraq to Sri Lanka have increased at an annualized rate of 109%, from $587k in 2016 to $23.3M in 2022.

In 2022, Iraq did not export any services to Sri Lanka.

Comparison: In 2022, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Sri Lanka exported $164M to Iraq. The main products exported from Sri Lanka to Iraq were Tea ($153M), Coconuts, Brazil Nuts, and Cashews ($7.83M), and Other Vegetable Residues ($546k). During the last 6 years the exports of Sri Lanka to Iraq have increased at an annualized rate of 6.65%, from $112M in 2016 to $164M in 2022.

In 2017, Iraq exported $23.3M to Sri Lanka. The main products exported from Iraq to Sri Lanka were Petroleum Gas ($23M), Tropical Fruits ($281k), and Computers ($162). During the last 5 years the exports of Iraq to Sri Lanka have increased at an annualized rate of 109%, from $587k in 2022 to $23.3M in 2017.

Exports from Sri Lanka () to Iraq () (2022)

Exports from Iraq () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Iraq ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$3.52B

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Sri Lanka than Iraq included United Kingdom ($1.04B), Canada ($429M), and Australia ($289M).

In 2022, countries that imported more from Iraq than Sri Lanka included India ($38.8B), China ($34B), and South Korea ($8.21B).

Difference in imports from Iraq () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sri Lanka had a large net trade with Iraq in the exports of Vegetable Products ($161M), Foodstuffs ($1.12M), and Plastics and Rubbers ($941k).

During 2017, Iraq had a large net trade with Sri Lanka in the exports of Mineral Products ($23M), Vegetable Products ($281k), and Machines ($191).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sri Lanka Iraq+$3.44kRubber Tires

Top Product Potential Iraq Sri Lanka+$7.76kRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Iraq () (2022)

Exports from Iraq () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Iraq ()

Sri Lanka Exports

Market Competitiveness

Difference in imports from Iraq () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Iraq () (2022)

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