2022
Exports
$1.08MWorld Rnk 156 / 226
Flag Rnk 39 / 91
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$2.24BWorld Rnk 41 / 225
Flag Rnk 6 / 96
2022
ECONOMIC COMPLEXITY of Iraq
-0.84Rnk 103 / 133

About

Exports In 2022, Iraq exported $1.08M in Iron or steel articles, making it the 156th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 39th most exported product in Iraq. The main destination of Iron or steel articles exports from Iraq are: Turkey ($592k), Netherlands ($114k), United Kingdom ($105k), Romania ($97.4k), and United States ($67.5k).

The fastest growing export markets for Iron or steel articles of Iraq between 2021 and 2022 were Turkey ($240k), Romania ($97.4k), and United Kingdom ($87.5k).

Imports In 2022, Iraq imported $2.24B in Iron or steel articles, becoming the 41st largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 6th most imported product in Iraq. Iraq imports Iron or steel articles primarily from: China ($917M), Turkey ($543M), United Arab Emirates ($360M), Japan ($100M), and Italy ($64.5M).

The fastest growing import markets in Iron or steel articles for Iraq between 2021 and 2022 were China ($376M), United Arab Emirates ($178M), and Turkey ($70.3M).

Latest Trends

Oct 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 Iron or steel articles. 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)$1.08M
IMPORTS (2022)$2.24B
NET TRADE (2022)-$2.24B

In 2022, Iraq exported $1.08M in Iron or steel articles. The main destinations of Iraq exports on Iron or steel articles were Turkey ($592k), Netherlands ($114k), United Kingdom ($105k), Romania ($97.4k), and United States ($67.5k).

In 2022, Iraq imported $2.24B in Iron or steel articles, mainly from China ($917M), Turkey ($543M), United Arab Emirates ($360M), Japan ($100M), and Italy ($64.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Iraq WERE (2021 - 2022):
Turkey$240k (68%)
Romania$97.4k (1%)
United Kingdom$87.5k (492%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Iraq WERE (2021 - 2022):
Iran-$5.44M (-100%)
Norway-$745k (-100%)
Germany-$453k (-94.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iraq's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Iraq's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $509k
TOP IMPORT POTENTIALChina+ $111M

Iron or steel articles’s highest export potential is Turkey. With an export gap of $509k.   Iron or steel articles’s highest import potential is China with an import gap of $111M.

See methodology.

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