Colombia (COL) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Colombia-Iraq Trade: In 2023, Colombia exported $58.1M to Iraq. The main products that Colombia exported to Iraq were Bovine ($46M), Liquid Pumps ($9.66M), and Packaged Medicaments ($696k). Over the past 5 years the exports of Colombia to Iraq have increased at an annualized rate of 22.3%, from $21.2M in 2018 to $58.1M in 2023.

In 2023, Colombia did not export any services to Iraq.

Iraq-Colombia In N/A, Iraq did not export any products to Colombia.

In 2023, Iraq did not export any services to Colombia.

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $58.1M to Iraq. The main products exported from Colombia to Iraq were Bovine ($46M), Liquid Pumps ($9.66M), and Packaged Medicaments ($696k). During the last 5 years the exports of Colombia to Iraq have increased at an annualized rate of 22.3%, from $21.2M in 2018 to $58.1M in 2023.

Iraq does not register exports to Colombia. The main products exported from Iraq to Colombia were Ball Bearings ($132k), Transmissions ($25.6k), and Iron Chains ($7.52k).

Exports from Colombia () to Iraq () (2023)

Exports from Iraq () to Colombia () (2023)

Latest Data

Trade between Colombia () and Iraq ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Colombia than Iraq included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

In 2023, countries that imported more from Iraq than Colombia included China ($35.5B), India ($29.8B), and Greece ($5.68B).

Difference in imports from Iraq () and Colombia () (2023)

Comparative Advantage Colombia - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Iraq in the exports of Animal Products ($46.5M), Machines ($9.78M), and Chemical Products ($1.02M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Iraq+$1.76MPackaged Medicaments

Top Product Potential Iraq Colombia+$13.1kMotor vehicles; parts and accessories (8701 to 8705)

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Iraq () (2023)

Exports from Iraq () to Colombia () (2023)

Latest Data

Trade between Colombia () and Iraq ()

Colombia Exports

Market Competitiveness

Difference in imports from Iraq () and Colombia () (2023)

Comparative Advantage Colombia - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Iraq () (2023)

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