2022
Exports
$111BWorld Rnk 5 / 149
Flag Rnk 1 / 642
falsefalse India
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$5.28kWorld Rnk 130 / 158
Flag Rnk 1081 / 1145
2022
ECONOMIC COMPLEXITY of Iraq
-0.84Rnk 103 / 133

About

Exports In 2022, Iraq exported $111B 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: India ($37.1B), China ($33.8B), United States ($7.87B), South Korea ($7.35B), and Greece ($6.12B).

The fastest growing export markets for Crude Petroleum of Iraq between 2021 and 2022 were India ($12B), China ($10.6B), and United States ($4.1B).

Imports In 2022, Iraq imported $5.28k in Crude Petroleum, becoming the 130th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1081st most imported product in Iraq. Iraq imports Crude Petroleum primarily from: United Arab Emirates ($5.28k).

Latest Trends

Mar 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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

Trade Balance

Color
EXPORTS (2022)$111B
IMPORTS (2022)$5.28k
NET TRADE (2022)$111B

In 2022, Iraq exported $111B in Crude Petroleum. The main destinations of Iraq exports on Crude Petroleum were India ($37.1B), China ($33.8B), United States ($7.87B), South Korea ($7.35B), and Greece ($6.12B).

In 2022, Iraq imported $5.28k in Crude Petroleum, mainly from United Arab Emirates ($5.28k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Iraq WERE (2021 - 2022):
India$12B (47.9%)
China$10.6B (45.7%)
United States$4.1B (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Iraq WERE (2021 - 2022):
Chinese Taipei-$314M (-37.5%)
Egypt-$281M (-100%)
Brazil-$274M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iraq's main exporting competitors in Crude Petroleum were:
In 2022, Iraq's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

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