HS Icon Crude Petroleum in  Flag Iraq

2020
Exports | Imports
: $45.2B | $59.7k, World Rnk 5 / 132
Flag Rnk 1 / 565 | World Rnk 0 / 0
Flag Rnk 0 / 0

2020
ECONOMIC COMPLEXITY of Iraq
: -0.69, Rnk 90 / 127

2020
PRODUCT COMPLEXITY  IN Crude Petroleum
: -2.2, Rnk 1018 / 1029

Exports In 2020, Iraq exported $45.2B in Crude Petroleum, making it the 5th 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: China ($16.9B), India ($13.2B), South Korea ($3.09B), United States ($2.82B), and Italy ($2.27B).

The fastest growing export markets for Crude Petroleum of Iraq between 2019 and 2020 were Egypt ($172M), United Kingdom ($79.4M), and Indonesia ($21.1M).

Imports In 2019, Iraq imported $59.7k in Crude Petroleum, becoming the 0th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 0th most imported product in Iraq. Iraq imports Crude Petroleum primarily from: N/A.

Subnational Monthly Trade

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Y-AXIS SCALE

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The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $45.2B

IMPORTS (2019): $59.7k

NET TRADE (2020): $45.2B

In 2020, Iraq exported $45.2B in Crude Petroleum. The main destinations of Iraq exports on Crude Petroleum were China ($16.9B), India ($13.2B), South Korea ($3.09B), United States ($2.82B), and Italy ($2.27B).

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Iraq WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Iraq WERE (2019 - 2020):

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Market Concentration

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In 2020, Iraq's main exporting competitors in Crude Petroleum were:

In 2020, Iraq's main importing competitors in Crude Petroleum were:

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