Indonesia (IDN) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Indonesia-Iraq Trade: In 2023, Indonesia exported $293M to Iraq. The main products that Indonesia exported to Iraq were Refined Petroleum ($59.7M), Palm Oil ($55.7M), and Wood Charcoal ($46.9M). Over the past 5 years the exports of Indonesia to Iraq have increased at an annualized rate of 16.5%, from $137M in 2018 to $293M in 2023.

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

Iraq-Indonesia Trade: In 2023, Iraq exported $32.6M to Indonesia. The main products that Iraq exported to Indonesia were Refined Petroleum ($30.1M), Petroleum Coke ($2.38M), and Tropical Fruits ($88k). Over the past 5 years the exports of Iraq to Indonesia have increased at an annualized rate of 145%, from $150k in 2018 to $32.6M in 2023.

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

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $293M to Iraq. The main products exported from Indonesia to Iraq were Refined Petroleum ($59.7M), Palm Oil ($55.7M), and Wood Charcoal ($46.9M). During the last 5 years the exports of Indonesia to Iraq have increased at an annualized rate of 16.5%, from $137M in 2018 to $293M in 2023.

In 2018, Iraq exported $32.6M to Indonesia. The main products exported from Iraq to Indonesia were Refined Petroleum ($30.1M), Petroleum Coke ($2.38M), and Tropical Fruits ($88k). During the last 5 years the exports of Iraq to Indonesia have increased at an annualized rate of 145%, from $150k in 2023 to $32.6M in 2018.

Exports from Indonesia () to Iraq () (2023)

Exports from Iraq () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Iraq ()

Indonesia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Indonesia than Iraq included China ($70.7B), Japan ($23.7B), and United States ($27.9B).

In 2023, countries that imported more from Iraq than Indonesia included India ($29.8B), Greece ($5.68B), and United Arab Emirates ($5.65B).

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

Comparative Advantage Indonesia - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Iraq in the exports of Animal and Vegetable Bi-Products ($67.6M), Wood Products ($60.6M), and Mineral Products ($59.7M).

During 2018, Iraq had a large net trade with Indonesia in the exports of Mineral Products ($32.5M), Vegetable Products ($88.3k), and Textiles ($1.86k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Iraq+$41.5MRefined Petroleum

Top Product Potential Iraq Indonesia+$121MRefined 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 Indonesia and Iraq. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Indonesia.

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Iraq () (2023)

Exports from Iraq () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Iraq ()

Indonesia Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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