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2022
Exports $15World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Palm Oil-2.25Rnk 1010 / 1025
2022
Imports $88MWorld Rnk 65 / 206
Flag Rnk 147 / 1135
2023
ECONOMIC COMPLEXITY of Iraq-0.71Rnk 97 / 132

About

Imports In 2023, Iraq imported $88M in Palm Oil, becoming the 65th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 147th most imported product in Iraq. Iraq imports Palm Oil primarily from: Indonesia ($55.7M), Malaysia ($16M), Turkey ($14.5M), United Arab Emirates ($1.77M), and Lebanon ($46.9k).

The fastest growing import markets in Palm Oil for Iraq between 2022 and 2023 were Turkey ($1.77M), United Arab Emirates ($273k), and Lebanon ($9.41k).

Latest Trends

Dec 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 Palm Oil. 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)$15
IMPORTS (2023)$88M
NET TRADE (2023)-$88M

In 2023, Iraq imported $88M in Palm Oil, mainly from Indonesia ($55.7M), Malaysia ($16M), Turkey ($14.5M), United Arab Emirates ($1.77M), and Lebanon ($46.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Iraq WERE (N/A - 2022):Singapore-$15 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iraq's main exporting competitors in Palm Oil were:
Indonesia $24.8B
Malaysia $14B
Netherlands $1.12B
In 2023, Iraq's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B
Pakistan $2.86B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $1.03k
TOP IMPORT POTENTIALIndonesia+ $12M

Palm Oil’s highest export potential is India. With an export gap of $1.03k.   Palm Oil’s highest import potential is Indonesia with an import gap of $12M.

See methodology.

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