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Pricing

2022
Flag → Flag
Exports $515MRnk 64 / 224
2022
Flag → Flag
Top Product $82.3MPackaged Medicaments
2022
Flag → Flag
Exports $5.44MRnk 37 / 101
2022
Flag → Flag
Top Product $3.9MPetroleum Coke
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 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

United Kingdom-Iraq Trade: In 2022, United Kingdom exported $515M to Iraq. The main products that United Kingdom exported to Iraq were Packaged Medicaments ($82.3M), Cars ($45.8M), and Hard Liquor ($43.1M). Over the past 5 years the exports of United Kingdom to Iraq have increased at an annualized rate of 4.4%, from $416M in 2017 to $515M in 2022.

In 2022, United Kingdom did not export any services to Iraq.

Iraq-United Kingdom Trade: In 2022, Iraq exported $5.44M to United Kingdom. The main products that Iraq exported to United Kingdom were Petroleum Coke ($3.9M), Flavored Water ($150k), and Gas and Liquid Flow Measuring Instruments ($117k). Over the past 5 years the exports of Iraq to United Kingdom have increased at an annualized rate of 40.3%,  from $1M in 2017 to $5.44M in 2022.

In 2022, Iraq did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £43.5M and imported £688k from Iraq, resulting in a positive trade balance of £42.8M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £1.77M (4.23%) from £41.8M to £43.5M, while imports increased by £163k (31%) from £525k to £688k.

Trade In August 2024, the top exports of United Kingdom to Iraq were Liquid Pumps (£8.14M), Packaged Medicaments (£6.71M), Cars (£2.57M), Hard Liquor (£1.13M), and Electric Generating Sets (£1.12M). In August 2024 the top imports of United Kingdom from Iraq were Computers (£382k), Cement Articles (£77k), Iron Housewares (£10.6k), Mattresses (£9.35k), and Electric Motors (£8.63k).

Origins In August 2024 the exports of United Kingdom were mainly from Southampton (£7.67M), Glasgow (£6.51M), London Gateway (£6.41M), Dover Eurotunnel (£5.43M), and London Heathrow Airport (£5.32M), while imports destinations were mainly Manchester Airport (£288k), East Midlands Airport (£127k), Felixstowe (£124k), Dover (£96k), and Dover Eurotunnel (£32.4k).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Iraq was explained primarily by an increase in product exports in Liquid Pumps (£6.57M or 421%), Packaged Medicaments (£2.3M or 52.3%), and Cars (£2M or 356%). In August 2024, the increase in United Kingdom's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in Mattresses (£5.97k or 177%), Iron Housewares (£2.32k or 28%), and Hand-Woven Rugs (£1.18k or 133%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£1.77M(4.23%)
IMPORT GROWTH (August 2023 - August 2024)£163k(31%)
MAIN EXPORTER (August 2024)Southampton£7.67M

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

To check Iraq and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $515M to Iraq. The main products exported from United Kingdom to Iraq were Packaged Medicaments ($82.3M), Cars ($45.8M), and Hard Liquor ($43.1M). During the last 5 years the exports of United Kingdom to Iraq have increased at an annualized rate of 4.4%, from $416M in 2017 to $515M in 2022.

In 2017, Iraq exported $5.44M to United Kingdom. The main products exported from Iraq to United Kingdom were Petroleum Coke ($3.9M), Flavored Water ($150k), and Gas and Liquid Flow Measuring Instruments ($117k). During the last 5 years the exports of Iraq to United Kingdom have increased at an annualized rate of 40.3%, from $1M in 2022 to $5.44M in 2017.

Exports from United Kingdom (Flag) to Iraq (Flag) (2022)

Exports from Iraq (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from United Kingdom than Iraq included United States ($61.8B), Germany ($40.6B), and Netherlands ($41.9B).

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

Difference in imports from Iraq (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Iraq

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Iraq in the exports of Chemical Products ($160M), Machines ($112M), and Foodstuffs ($63.9M).

During 2017, Iraq had a large net trade with United Kingdom in the exports of Mineral Products ($3.9M), Foodstuffs ($381k), and Machines ($208k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Iraq+$53.8MCars
Top Product Potential Iraq United Kingdom+$4.76MPetroleum Coke

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 United Kingdom and Iraq. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Iraq (Flag) (2022)

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