Flag Turkey / Iraq Flag

Exports FlagFlag  (2018): $8.35B, Rnk 5 / 205

Top Product FlagFlag (2018): $1.13B, Jewellery

Exports FlagFlag (2018): $1.41B, Rnk 11 / 71

Top Product FlagFlag (2018): $1.25B, Gold

Economic Complexity of Flag (2018): ECI 0.57, Rnk 43 / 137

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

Turkey-Iraq: In 2018, Turkey exported $8.35B to Iraq. The main products exported from Turkey to Iraq were Jewellery ($1.13B), Wheat Flours ($528M), and Poultry Meat ($324M). During the last 23 years the exports of Turkey to Iraq have increased at an annualized rate of 20.3%, from $119M in 1995 to $8.35B in 2018.

Iraq-Turkey: In 2018, Iraq exported $1.41B to Turkey. The main products exported from Iraq to Turkey were Gold ($1.25B), Petroleum Coke ($49.8M), and Raw Aluminium ($32.4M). During the last 22 years the exports of Iraq to Turkey have increased at an annualized rate of 18.5%, from $28.6M in 1996 to $1.41B in 2018.

Comparison: In 2018, Turkey ranked 43 in the Economic Complexity Index (ECI 0.57), and 29 in total exports ($177B). 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

#permalink to section
Depth
Value

In 2018, Turkey exported $8.35B to Iraq. The main products exported from Turkey to Iraq were Jewellery ($1.13B), Wheat Flours ($528M), and Poultry Meat ($324M). During the last 23 years the exports of Turkey to Iraq have increased at an annualized rate of 20.3%, from $119M in 1995 to $8.35B in 2018.

In 2018, Iraq exported $1.41B to Turkey. The main products exported from Iraq to Turkey were Gold ($1.25B), Petroleum Coke ($49.8M), and Raw Aluminium ($32.4M). During the last 22 years the exports of Iraq to Turkey have increased at an annualized rate of 18.5%, from $28.6M in 1996 to $1.41B in 2018.

Market Competitiveness

#permalink to section
Measure

Turkey
Top Destination
: Germany, $16.6B

Iraq
Top Destination
: India, $20.8B

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

In 2018, countries that imported more from Turkey than Iraq were Germany ($16.6B), United Kingdom ($11.9B), and France ($7.73B).

In 2018, countries that imported more from Iraq than Turkey were India ($20.8B), China ($20B), and South Korea ($8.47B).

Comparative Advantage Turkey - Iraq

#permalink to section
Depth

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

During 2018, Turkey had a large net trade with Iraq in the exports of Precious Metals ($1.13B), Foodstuffs ($995M), and Vegetable Products ($974M).

During 2018, Iraq had a large net trade with Turkey in the exports of Precious Metals ($1.25B), Metals ($61.3M), and Mineral Products ($50.5M).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Turkey 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

#permalink to section

Competitive Landscape

#permalink to section

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 Turkey has comparative advantage over Iraq. Similarly, the more red a dot/product is, the more Iraq has comparative advantage over Turkey.