2023
Flag
 GDP
$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH
6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC
$5,565CURRENT US$
Rnk 118 / 196
2013-2023
Flag
GDP PC GROWTH
-16.3%CURRENT US$
Rnk 174 / 195

About

Chinese Taipei-Iraq Trade: In 2023, Chinese Taipei exported $150M to Iraq. The main products that Chinese Taipei exported to Iraq were Refined Petroleum ($89.7M), Motor vehicles; parts and accessories (8701 to 8705) ($11.9M), and Electrical Lighting and Signalling Equipment ($4.5M). Over the past 5 years the exports of Chinese Taipei to Iraq have increased at an annualized rate of 24.5%, from $50.1M in 2018 to $150M in 2023.

In 2023, Chinese Taipei did not export any services to Iraq.

Iraq-Chinese Taipei Trade: In 2023, Iraq exported $636M to Chinese Taipei. The main products that Iraq exported to Chinese Taipei were Crude Petroleum ($565M) and Refined Petroleum ($70.9M). Over the past 5 years the exports of Iraq to Chinese Taipei have decreased at an annualized rate of 18.5%,  from $1.77B in 2018 to $636M in 2023.

In 2023, Iraq did not export any services to Chinese Taipei.

Comparison: In 2023,  Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Chinese Taipei exported $150M to Iraq. The main products exported from Chinese Taipei to Iraq were Refined Petroleum ($89.7M), Motor vehicles; parts and accessories (8701 to 8705) ($11.9M), and Electrical Lighting and Signalling Equipment ($4.5M). During the last 5 years the exports of Chinese Taipei to Iraq have increased at an annualized rate of 24.5%, from $50.1M in 2018 to $150M in 2023.

In 2018, Iraq exported $636M to Chinese Taipei. The main products exported from Iraq to Chinese Taipei were Crude Petroleum ($565M) and Refined Petroleum ($70.9M). During the last 5 years the exports of Iraq to Chinese Taipei have decreased at an annualized rate of 18.5%, from $1.77B in 2023 to $636M in 2018.

Exports from Chinese Taipei (Flag) to Iraq (Flag) (2023)

Exports from Iraq (Flag) to Chinese Taipei (Flag) (2023)

Market Competitiveness

Color
Chinese Taipei
Top Destination
China$101B
Iraq
Top Destination
China$35.5B

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

In 2023, countries that imported more from Chinese Taipei than Iraq included United States ($85.6B), Hong Kong ($66.1B), and China ($101B).

In 2023, countries that imported more from Iraq than Chinese Taipei included India ($29.8B), Greece ($5.68B), and United Arab Emirates ($5.65B).

Difference in imports from Iraq (Flag) and Chinese Taipei (Flag) (2023)

Comparative Advantage Chinese Taipei - Iraq

Flow
Scale

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

During 2023, Chinese Taipei had a large net trade with Iraq in the exports of Mineral Products ($89.8M), Machines ($23M), and Transportation ($16.5M).

During 2018, Iraq had a large net trade with Chinese Taipei in the exports of Mineral Products ($636M).

Economic Complexity

Competitive Landscape

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

Product Space of Chinese Taipei (Flag) and Iraq (Flag) (2023)

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