Crude Petroleum in Iraq

EXPORTS (2019): $73.8B, World Rnk 3 / 135
Flag Rnk 1 / 553

TOP DESTINATION (2019): $21.1B, China

FASTEST GROWING MARKET (2018 - 2019): $1.2B, China

IMPORTS (2019): $59.7k, World Rnk 112 / 156
Flag Rnk 982 / 1137

TOP ORIGIN (2019): $59.7k, United Arab Emirates

ECONOMIC COMPLEXITY of Iraq (2019): -0.77, Rnk 113 / 147

PRODUCT COMPLEXITY  IN Crude Petroleum (2019): -3.02, Rnk 1029 / 1029

Exports: In 2019, Iraq exported $73.8B 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: China ($21.1B), India ($19.3B), South Korea ($6.68B), United States ($6.19B), and Italy ($4.75B).

The fastest growing export markets for Crude Petroleum of Iraq between 2018 and 2019 were China ($1.2B), Italy ($701M), and Singapore ($570M).

Imports: In 2019, Iraq imported $59.7k in Crude Petroleum, becoming the 112th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 982nd most imported product in Iraq. Iraq imports Crude Petroleum primarily from: United Arab Emirates ($59.7k).

Value

EXPORTS (2019): $73.8B

IMPORTS (2019): $59.7k

NET TRADE (2019): $73.8B

In 2019, Iraq exported $73.8B in Crude Petroleum. The main destinations of Iraq exports on Crude Petroleum were China ($21.1B), India ($19.3B), South Korea ($6.68B), United States ($6.19B), and Italy ($4.75B).

In 2019, Iraq imported $59.7k in Crude Petroleum, mainly from United Arab Emirates ($59.7k).

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IN 2019, Iraq HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:: United Kingdom , $5.57M ($5.57M - $2.23k)

IN 2019, Iraq HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:: United Arab Emirates , -$53.9k ($5.85k - $59.7k)

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Iraq WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Iraq WERE (2018 - 2019):

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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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