2022
Exports | Imports
$9.19B | $7.81BWorld Rnk 26 / 214
Flag Rnk 2 / 642
World Rnk 37 / 225
Flag Rnk 1 / 1145
2022
ECONOMIC COMPLEXITY of Iraq
-0.99Rnk 104 / 124
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 800 / 1025

About

Exports In 2022, Iraq exported $9.19B in Refined Petroleum, making it the 26th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Iraq. The main destination of Refined Petroleum exports from Iraq are: United States ($2.45B), United Arab Emirates ($2.26B), India ($1.44B), South Korea ($845M), and Chinese Taipei ($496M).

The fastest growing export markets for Refined Petroleum of Iraq between 2021 and 2022 were United States ($2.35B), United Arab Emirates ($1.01B), and Chinese Taipei ($252M).

Imports In 2022, Iraq imported $7.81B in Refined Petroleum, becoming the 37th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Iraq. Iraq imports Refined Petroleum primarily from: United Arab Emirates ($5.29B), India ($728M), Malaysia ($566M), Chinese Taipei ($399M), and South Korea ($218M).

The fastest growing import markets in Refined Petroleum for Iraq between 2021 and 2022 were United Arab Emirates ($2.04B), Chinese Taipei ($276M), and Malaysia ($235M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Refined Petroleum from Iraq to the United States.

Latest Trends

Jan 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 Refined 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)$9.19B
IMPORTS (2022)$7.81B
NET TRADE (2022)$1.38B

In 2022, Iraq exported $9.19B in Refined Petroleum. The main destinations of Iraq exports on Refined Petroleum were United States ($2.45B), United Arab Emirates ($2.26B), India ($1.44B), South Korea ($845M), and Chinese Taipei ($496M).

In 2022, Iraq imported $7.81B in Refined Petroleum, mainly from United Arab Emirates ($5.29B), India ($728M), Malaysia ($566M), Chinese Taipei ($399M), and South Korea ($218M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Iraq WERE (2021 - 2022):
United States$2.35B (2.36k%)
United Arab Emirates$1.01B (81.4%)
Chinese Taipei$252M (103%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Iraq WERE (2021 - 2022):
Singapore-$607M (-64.8%)
South Korea-$342M (-28.8%)
Malaysia-$127M (-41.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

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