Refined Petroleum in Iraq 2021 Exports | Imports : $5.49B | $5.54B, World Rnk 29 / 218 Rnk 2 / 673 | World Rnk 35 / 226 Rnk 1 / 1145
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $495M | $901M, South Korea | United Arab Emirates
2021 ECONOMIC COMPLEXITY of Iraq: -1.12, Rnk 112 / 131
2021 PRODUCT COMPLEXITY IN Refined Petroleum: -0.92, Rnk 817 / 1029
Exports In 2021, Iraq exported $5.49B in Refined Petroleum, making it the 29th 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 Arab Emirates ($1.24B), India ($1.23B), South Korea ($1.18B), Singapore ($933M), and Malaysia ($303M).
The fastest growing export markets for Refined Petroleum of Iraq between 2020 and 2021 were South Korea ($495M), United Arab Emirates ($331M), and India ($287M).
Imports In 2021, Iraq imported $5.54B in Refined Petroleum, becoming the 35th 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 ($3.25B), India ($511M), Greece ($393M), Malaysia ($331M), and Saudi Arabia ($207M).
The fastest growing import markets in Refined Petroleum for Iraq between 2020 and 2021 were United Arab Emirates ($901M), India ($428M), and Greece ($393M).
Apr 2023
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.
EXPORTS (2021): $5.49B
IMPORTS (2021): $5.54B
NET TRADE (2021): -$55.8M
In 2021, Iraq exported $5.49B in Refined Petroleum. The main destinations of Iraq exports on Refined Petroleum were United Arab Emirates ($1.24B), India ($1.23B), South Korea ($1.18B), Singapore ($933M), and Malaysia ($303M).
In 2021, Iraq imported $5.54B in Refined Petroleum, mainly from United Arab Emirates ($3.25B), India ($511M), Greece ($393M), Malaysia ($331M), and Saudi Arabia ($207M).
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Iraq WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Iraq WERE (2020 - 2021):
In 2021, Iraq's main exporting competitors in Refined Petroleum were:
In 2021, Iraq's main importing competitors in Refined Petroleum were:
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