2023
Exports
$2.26kWorld Rnk 131 / 150
Flag Rnk 482 / 672
2023
PRODUCT COMPLEXITY IN Seed Oils
-0.97Rnk 825 / 1025
2023
Imports
$459MWorld Rnk 13 / 216
Flag Rnk 28 / 1135
2023
ECONOMIC COMPLEXITY of Iraq
-0.71Rnk 97 / 132

About

Exports In 2023, Iraq exported $2.26k in Seed Oils, making it the 131st largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 482nd most exported product in Iraq. The main destination of Seed Oils exports from Iraq are: Australia ($1.3k) and Netherlands ($966).

The fastest growing export markets for Seed Oils of Iraq between 2022 and 2023 were Australia ($1.3k) and Netherlands ($892).

Imports In 2023, Iraq imported $459M in Seed Oils, becoming the 13th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 28th most imported product in Iraq. Iraq imports Seed Oils primarily from: Turkey ($224M), Bulgaria ($86M), Ukraine ($71.6M), Romania ($41.9M), and Netherlands ($32.9M).

The fastest growing import markets in Seed Oils for Iraq between 2022 and 2023 were Romania ($41.9M), Netherlands ($32.8M), and Italy ($118k).

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 Seed Oils. 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 (2023)$2.26k
IMPORTS (2023)$459M
NET TRADE (2023)-$459M

In 2023, Iraq exported $2.26k in Seed Oils. The main destinations of Iraq exports on Seed Oils were Australia ($1.3k) and Netherlands ($966).

In 2023, Iraq imported $459M in Seed Oils, mainly from Turkey ($224M), Bulgaria ($86M), Ukraine ($71.6M), Romania ($41.9M), and Netherlands ($32.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Iraq WERE (2022 - 2023):
Australia$1.3k (1%)
Netherlands$892 (1.21k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Iraq WERE (2022 - 2023):
Iran-$7.8M (-100%)
Djibouti-$595k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iraq's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Iraq's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $758
TOP IMPORT POTENTIALUnited Arab Emirates+ $471k

Seed Oils’s highest export potential is India. With an export gap of $758.   Seed Oils’s highest import potential is United Arab Emirates with an import gap of $471k.

See methodology.

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