Georgia (GEO) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Georgia-Iraq Trade: In 2023, Georgia exported $70.5M to Iraq. The main products that Georgia exported to Iraq were Bovine ($59.6M), Sheep and Goats ($7.56M), and Packaged Medicaments ($1.56M). Over the past 5 years the exports of Georgia to Iraq have increased at an annualized rate of 26.7%, from $21.6M in 2018 to $70.5M in 2023.

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

Iraq-Georgia Trade: In 2023, Iraq exported $23.2M to Georgia. The main products that Iraq exported to Georgia were Petroleum Coke ($19.9M), Aluminium Cans ($2.1M), and Metal Stoppers ($644k). Over the past 5 years the exports of Iraq to Georgia have increased at an annualized rate of 87%, from $1.01M in 2018 to $23.2M in 2023.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). 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, Georgia exported $70.5M to Iraq. The main products exported from Georgia to Iraq were Bovine ($59.6M), Sheep and Goats ($7.56M), and Packaged Medicaments ($1.56M). During the last 5 years the exports of Georgia to Iraq have increased at an annualized rate of 26.7%, from $21.6M in 2018 to $70.5M in 2023.

In 2018, Iraq exported $23.2M to Georgia. The main products exported from Iraq to Georgia were Petroleum Coke ($19.9M), Aluminium Cans ($2.1M), and Metal Stoppers ($644k). During the last 5 years the exports of Iraq to Georgia have increased at an annualized rate of 87%, from $1.01M in 2023 to $23.2M in 2018.

Exports from Georgia () to Iraq () (2023)

Exports from Iraq () to Georgia () (2023)

Latest Data

Trade between Georgia () and Iraq ()

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Georgia than Iraq included Azerbaijan ($828M), Armenia ($712M), and Russia ($657M).

In 2023, countries that imported more from Iraq than Georgia included China ($35.5B), India ($29.8B), and United States ($8.92B).

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

Comparative Advantage Georgia - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Iraq in the exports of Animal Products ($67.3M), Chemical Products ($1.65M), and Metals ($516k).

During 2018, Iraq had a large net trade with Georgia in the exports of Mineral Products ($19.9M), Metals ($2.74M), and Transportation ($375k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Iraq+$4.27kRefined Petroleum

Top Product Potential Iraq Georgia+$6.13kRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Iraq () (2023)

Exports from Iraq () to Georgia () (2023)

Latest Data

Trade between Georgia () and Iraq ()

Georgia Exports

Market Competitiveness

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

Comparative Advantage Georgia - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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