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2023
Flag → Flag
Exports $222MRnk 87 / 220
2023
Flag → Flag
Top Product $30.6MValves
2023
Flag → Flag
Exports $1.79BRnk 9 / 100
2023
Flag → Flag
Top Product $1.68BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$5,565CURRENT US$
Rnk 118 / 196
2013-2023
Flag
GDP PC GROWTH-16.3%CURRENT US$
Rnk 174 / 195

About

Spain-Iraq Trade: In 2023, Spain exported $222M to Iraq. The main products that Spain exported to Iraq were Valves ($30.6M), Unglazed Ceramics ($20.9M), and Packaged Medicaments ($19.5M). Over the past 5 years the exports of Spain to Iraq have increased at an annualized rate of 4.33%, from $180M in 2018 to $222M in 2023.

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

Iraq-Spain Trade: In 2023, Iraq exported $1.79B to Spain. The main products that Iraq exported to Spain were Crude Petroleum ($1.68B), Refined Petroleum ($115M), and Stearic Acid ($825k). Over the past 5 years the exports of Iraq to Spain have decreased at an annualized rate of 3.42%,  from $2.14B in 2018 to $1.79B in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €14M and imported €147M from Iraq, resulting in a negative trade balance of €133M. Between November 2023 and November 2024 the exports of Spain have decreased by €-17.3M (-55.3%) from €31.3M to €14M, while imports decreased by €-19.2M (-11.5%) from €166M to €147M.

Trade In November 2024, the top exports of Spain to Iraq were Olive Oil (€1.08M), Other Iron Products (€1.06M), Unglazed Ceramics (€903k), Packaged Medicaments (€417k), and Malt Extract (€409k). In November 2024 the top imports of Spain from Iraq were Crude Petroleum (€62.1M), Industrial Fatty Acids, Oils and Alcohols (€261k), Aircraft parts for spacecraft, UAVs, and... (€3.92k), Low-voltage Protection Equipment (€2.12k), and Clays (€250).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€5.08M), Castellón (€1.78M), Madrid (€1.75M), Valencia (€1.04M), and Sevilla (€557k), while imports destinations were mainly Murcia (€93.4M), Huelva (€31M), Tarragona (€14M), Cádiz (€8.61M), and Valencia (€72.2k).

Growth In November 2024, the decrease in Spain's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Packaged Medicaments (€-1.06M or -71.9%), Other Processed Vegetables (€-304k or -97.2%), and Unglazed Ceramics (€-246k or -21.4%). In November 2024, the decrease in Spain's year-by-year imports  from Iraq was explained primarily by an decrease in product imports  in Crude Petroleum (€-86.4M or -58.2%) and Nucleic Acids (€-67.7 or -57%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-17.3M(-55.3%)
IMPORT GROWTH (November 2023 - November 2024)€-19.2M(-11.5%)
MAIN EXPORTER (November 2024)Barcelona€5.08M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Iraq and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $222M to Iraq. The main products exported from Spain to Iraq were Valves ($30.6M), Unglazed Ceramics ($20.9M), and Packaged Medicaments ($19.5M). During the last 5 years the exports of Spain to Iraq have increased at an annualized rate of 4.33%, from $180M in 2018 to $222M in 2023.

In 2018, Iraq exported $1.79B to Spain. The main products exported from Iraq to Spain were Crude Petroleum ($1.68B), Refined Petroleum ($115M), and Stearic Acid ($825k). During the last 5 years the exports of Iraq to Spain have decreased at an annualized rate of 3.42%, from $2.14B in 2023 to $1.79B in 2018.

Exports from Spain (Flag) to Iraq (Flag) (2023)

Exports from Iraq (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Spain than Iraq included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Iraq than Spain included China ($35.5B), India ($29.8B), and United Arab Emirates ($5.65B).

Difference in imports from Iraq (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Iraq

Flow
Scale

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

During 2023, Spain had a large net trade with Iraq in the exports of Machines ($67.8M), Chemical Products ($46.9M), and Foodstuffs ($25.1M).

During 2018, Iraq had a large net trade with Spain in the exports of Mineral Products ($1.79B), Animal and Vegetable Bi-Products ($1.1M), and Vegetable Products ($65.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Iraq+$22.6MPackaged Medicaments
Top Product Potential Iraq Spain+$745MCrude 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 Spain and Iraq. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Iraq (Flag) (2023)

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