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2022
Exports $9.19BWorld Rnk 26 / 214
Flag Rnk 2 / 642
falsefalseN/A
2021 - 2022
FASTEST GROWING MARKETfalseUnited States
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $7.81BWorld Rnk 37 / 225
Flag Rnk 1 / 1145
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of Iraq-0.84Rnk 103 / 133

About

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).

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 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 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%)
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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:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Iraq's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.4B
TOP IMPORT POTENTIALIndia+ $429M

Refined Petroleum’s highest export potential is United States. With an export gap of $1.4B.   Refined Petroleum’s highest import potential is India with an import gap of $429M.

See methodology.

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