2022
Flag  
GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC 
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186

About

Brazil-Iraq Trade: In 2022, Brazil exported $615M to Iraq. The main products that Brazil exported to Iraq were Raw Sugar ($284M), Poultry Meat ($125M), and Bovine ($61M). Over the past 5 years the exports of Brazil to Iraq have decreased at an annualized rate of 5.39%, from $811M in 2017 to $615M in 2022.

In 2022, Brazil did not export any services to Iraq.

Iraq-Brazil Trade: In 2022, Iraq exported $625k to Brazil. The main products that Iraq exported to Brazil were Refined Petroleum ($512k), Petroleum Coke ($92.8k), and Asphalt Mixtures ($15.7k). Over the past 5 years the exports of Iraq to Brazil have decreased at an annualized rate of 64.8%,  from $116M in 2017 to $625k in 2022.

In 2022, Iraq did not export any services to Brazil.

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $615M to Iraq. The main products exported from Brazil to Iraq were Raw Sugar ($284M), Poultry Meat ($125M), and Bovine ($61M). During the last 5 years the exports of Brazil to Iraq have decreased at an annualized rate of 5.39%, from $811M in 2017 to $615M in 2022.

In 2017, Iraq exported $625k to Brazil. The main products exported from Iraq to Brazil were Refined Petroleum ($512k), Petroleum Coke ($92.8k), and Asphalt Mixtures ($15.7k). During the last 5 years the exports of Iraq to Brazil have decreased at an annualized rate of 64.8%, from $116M in 2022 to $625k in 2017.

Exports from Brazil (Flag) to Iraq (Flag) (2022)

Exports from Iraq (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Iraq
Top Destination
India$38.8B

This map shows whether countries import more from Brazil or Iraq. Each country is colored based on the difference in imports they receive from Brazil and Iraq or the difference in the growth in imports.

In 2022, countries that imported more from Brazil than Iraq included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Iraq than Brazil included India ($38.8B), Greece ($6.27B), and South Korea ($8.21B).

Difference in imports from Iraq (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Iraq

Flow
Scale

This chart compares trade between Brazil and Iraq by product, considering products traded by both, Brazil and Iraq.

During 2022, Brazil had a large net trade with Iraq in the exports of Foodstuffs ($307M), Animal Products ($189M), and Animal and Vegetable Bi-Products ($49M).

During 2017, Iraq had a large net trade with Brazil in the exports of Mineral Products ($620k) and Plastics and Rubbers ($5.17k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Iraq+$15.8MCorn
Top Product Potential Iraq Brazil+$4.47MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Brazil and Iraq. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and Iraq (Flag) (2022)

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