2023
Exports
$1.5MWorld Rnk 107 / 223
Flag Rnk 63 / 672
2023
PRODUCT COMPLEXITY IN Valves
1.34Rnk 71 / 1025
2023
Imports
$511MWorld Rnk 39 / 226
Flag Rnk 23 / 1135
2023
ECONOMIC COMPLEXITY of Iraq
-0.71Rnk 97 / 132

About

Exports In 2023, Iraq exported $1.5M in Valves, making it the 107th largest exporter of Valves in the world. At the same year, Valves was the 63rd most exported product in Iraq. The main destination of Valves exports from Iraq are: Netherlands ($1.03M), United Arab Emirates ($199k), Turkey ($154k), Malaysia ($68.3k), and Romania ($21.4k).

The fastest growing export markets for Valves of Iraq between 2022 and 2023 were Netherlands ($262k), United Arab Emirates ($195k), and Turkey ($119k).

Imports In 2023, Iraq imported $511M in Valves, becoming the 39th largest importer of Valves in the world. At the same year, Valves was the 23rd most imported product in Iraq. Iraq imports Valves primarily from: China ($200M), Turkey ($74.3M), United Arab Emirates ($61.8M), Italy ($52.9M), and Spain ($30.6M).

The fastest growing import markets in Valves for Iraq between 2022 and 2023 were China ($49M), Spain ($26.3M), and Turkey ($12.1M).

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 Valves. 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)$1.5M
IMPORTS (2023)$511M
NET TRADE (2023)-$509M

In 2023, Iraq exported $1.5M in Valves. The main destinations of Iraq exports on Valves were Netherlands ($1.03M), United Arab Emirates ($199k), Turkey ($154k), Malaysia ($68.3k), and Romania ($21.4k).

In 2023, Iraq imported $511M in Valves, mainly from China ($200M), Turkey ($74.3M), United Arab Emirates ($61.8M), Italy ($52.9M), and Spain ($30.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Iraq WERE (2022 - 2023):
Netherlands$262k (34%)
United Arab Emirates$195k (5.18k%)
Turkey$119k (348%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Iraq WERE (2022 - 2023):
Iran-$403k (-100%)
Sweden-$25.8k (-99.6%)
Ecuador-$11.3k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iraq's main exporting competitors in Valves were:
In 2023, Iraq's main importing competitors in Valves were:

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $244k
TOP IMPORT POTENTIALChina+ $37.8M

Valves’s highest export potential is Netherlands. With an export gap of $244k.   Valves’s highest import potential is China with an import gap of $37.8M.

See methodology.

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