Crude Petroleum in Iraq

EXPORTS (2018): $82.1B, World Rnk 3 / 120
Flag Rnk 1 / 358

TOP DESTINATION (2018): $20.8B, India

FASTEST GROWING MARKET (2017 - 2018): $7.44B, China

IMPORTS (2018): $187k, World Rnk 109 / 148
Flag Rnk 873 / 1103

TOP ORIGIN (2018): $157k, United Arab Emirates

FASTEST GROWING ORIGIN (2017 - 2018): $157k, United Arab Emirates

ECONOMIC COMPLEXITY of Iraq (2018): -0.91, Rnk 109 / 137

PRODUCT COMPLEXITY  IN Crude Petroleum (2018): -2.84, Rnk 1018 / 1018

Overview: This page contains the latest trade data of Crude Petroleum in Iraq.

Exports: In 2018, Iraq exported $82.1B in Crude Petroleum, making it the 3rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Iraq. The main destination of Crude Petroleum exports from Iraq are: India ($20.8B), China ($19.9B), United States ($10.5B), South Korea ($8.41B), and Greece ($4.92B).

The fastest growing export markets for Crude Petroleum of Iraq between 2017 and 2018 were China ($7.44B), India ($6.88B), and South Korea ($2.7B).

Imports: In 2018, Iraq imported $187k in Crude Petroleum, becoming the 109th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 873rd most imported product in Iraq. Iraq imports Crude Petroleum primarily from: United Arab Emirates ($157k) and Lebanon ($30k).

The fastest growing import markets in Crude Petroleum for Iraq between 2017 and 2018 were United Arab Emirates ($157k) and Lebanon ($30k).

Value

EXPORTS (2018): $82.1B

IMPORTS (2018): $187k

NET TRADE (2018): $82.1B

In 2018, Iraq exported $82.1B in Crude Petroleum. The main destinations of Iraq exports on Crude Petroleum were India ($20.8B), China ($19.9B), United States ($10.5B), South Korea ($8.41B), and Greece ($4.92B).

In 2018, Iraq imported $187k in Crude Petroleum, mainly from United Arab Emirates ($157k) and Lebanon ($30k).

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IN 2018, Iraq HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • India, $20.8B ($20.8B - $0)
  • China, $19.9B ($19.9B - $0)
  • United States, $10.5B ($10.5B - $0)

IN 2018, Iraq HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • United Arab Emirates, -$153k ($3.64k - $157k)
  • Lebanon, -$30k ($0 - $30k)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Iraq WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Iraq WERE (2017 - 2018):

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Market Concentration

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In 2018, Iraq's main exporting competitors in Crude Petroleum were:

In 2018, Iraq's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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This section shows forecasts for total exports and imports, for Crude Petroleum in Iraq. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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