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2022
Flag → Flag
Exports $32MRnk 81 / 208
2022
Flag → Flag
Top Product $15.4MEggs
2022
Flag → Flag
Exports $76.7kRnk 68 / 101
2022
Flag → Flag
Top Product $60.4kEggs
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH-7.77%CURRENT US$
Rnk 158 / 186

About

Portugal-Iraq Trade: In 2022, Portugal exported $32M to Iraq. The main products that Portugal exported to Iraq were Eggs ($15.4M), Packaged Medicaments ($5.95M), and Other Furniture ($2.48M). Over the past 5 years the exports of Portugal to Iraq have increased at an annualized rate of 2.69%, from $28M in 2017 to $32M in 2022.

In 2022, Portugal did not export any services to Iraq.

Iraq-Portugal Trade: In 2022, Iraq exported $76.7k to Portugal. The main products that Iraq exported to Portugal were Eggs ($60.4k), Shaped Paper ($4.56k), and Non-Knit Women's Suits ($2.87k). Over the past 5 years the exports of Iraq to Portugal have decreased at an annualized rate of 80.8%,  from $294M in 2017 to $76.7k in 2022.

In 2022, Iraq did not export any services to Portugal.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

July, 2024

About

Overview In July 2024, Portugal exported €3.45M and imported €156 from Iraq, resulting in a positive trade balance of €3.45M. Between July 2023 and July 2024 the exports of Portugal have increased by €869k (33.7%) from €2.58M to €3.45M, while imports increased by €156 (N/A%) from €0 to €156.

Trade In July 2024, the top exports of Portugal to Iraq were Edible products of animal origin, n.e.s. (€710k), Pharmaceutical products (€566k), Preparations of cereals, flour, starch or... (€230k), Food residues & wastes; animal fodder (€44.8k), and Electrical machinery and electronics (€41.3k). In July 2024 the top imports of Portugal from Iraq were Non-knitted clothing accesories (€324), Salt, sulphur, cement, lime, stone, &... (€1), Live animals (€0), Meat & edible offal (€0), and Fish, crustaceans, & molluscs (€0).

Growth In July 2024, the increase in Portugal's year-by-year exports to Iraq was explained primarily by an increase in product exports in Pharmaceutical products (€391k or 223%), Glass & glassware (€19.5k or 420%), and Precious stones, metals, & pearls (€1.63k or 99.5%). In July 2024, the increase in Portugal's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in Non-knitted clothing accesories (€112 or 52.8%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€869k(33.7%)
IMPORT GROWTH (July 2023 - July 2024)€156(N/A%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Iraq and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $32M to Iraq. The main products exported from Portugal to Iraq were Eggs ($15.4M), Packaged Medicaments ($5.95M), and Other Furniture ($2.48M). During the last 5 years the exports of Portugal to Iraq have increased at an annualized rate of 2.69%, from $28M in 2017 to $32M in 2022.

In 2017, Iraq exported $76.7k to Portugal. The main products exported from Iraq to Portugal were Eggs ($60.4k), Shaped Paper ($4.56k), and Non-Knit Women's Suits ($2.87k). During the last 5 years the exports of Iraq to Portugal have decreased at an annualized rate of 80.8%, from $294M in 2022 to $76.7k in 2017.

Exports from Portugal (Flag) to Iraq (Flag) (2022)

Exports from Iraq (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Portugal than Iraq included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

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

Comparative Advantage Portugal - Iraq

Flow
Scale

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

During 2022, Portugal had a large net trade with Iraq in the exports of Animal Products ($15.4M), Chemical Products ($6.54M), and Miscellaneous ($3.92M).

During 2017, Iraq had a large net trade with Portugal in the exports of Animal Products ($60.4k), Paper Goods ($5.21k), and Textiles ($4.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Iraq+$4.73MPackaged Medicaments
Top Product Potential Iraq Portugal+$13.6kCrude 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

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

Product Space of Portugal (Flag) and Iraq (Flag) (2022)

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