India (IND) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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India-Iraq In 2022, India exported $2.45B to Iraq. The main products that India exported to Iraq are Refined Petroleum ($728M), Rice ($354M), and Raw Sugar ($249M). During the last 27 years the exports of India to Iraq have increased at an annualized rate of 35.7%, from $646k in 1995 to $2.45B in 2022.

In 2022, India did not export any services to Iraq.

Iraq-India In 2022, Iraq exported $38.8B to India. The main products that Iraq exported to India were Crude Petroleum ($37.1B), Refined Petroleum ($1.44B), and Petroleum Coke ($99.3M). During the last 27 years the exports of Iraq to India have increased at an annualized rate of 69%, from $27.3k in 1995 to $38.8B in 2022.

In 2022, Iraq did not export any services to India.

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Iraq ranked 104 in the Economic Complexity Index (ECI -0.99), and 36 in total exports ($123B).

Latest Trends

January, 2024

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Overview In January 2024, India exported $273M and imported $2.64B from Iraq, resulting in a negative trade balance of $2.36B. Between January 2023 and January 2024 the exports of India have decreased by $-91.8M (-25.2%) from $364M to $273M, while imports increased by $154M (6.21%) from $2.48B to $2.64B.

Trade In January 2024, the top exports of India to Iraq were Petroleum Products ($163M), Rice -Basmoti ($53.3M), Sugar ($46.7M), Buffalo Meat ($21.5M), and Ceramics And Allied Products ($11.8M). In January 2024 the top imports of India from Iraq were Petroleum: Crude ($2.42B), Petroleum Products ($44.7M), Fresh Fruits ($15.6M), Cosmetics And Toiletries ($780k), and Paper, Paper Board And Product ($184k).

Growth In January 2024, the decrease in India's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Iron And Steel ($-4.22M or -83%), Rice(Other Than Basmoti) ($-1.41M or -58.5%), and Plywood And Allied Products ($-640k or -84.3%). In January 2024, the increase in India's year-by-year imports from Iraq was explained primarily by an increase in product imports in Petroleum: Crude ($278M or 13%), Petroleum Products ($6.49M or 17%), and Fresh Fruits ($5.11M or 48.6%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-91.8M(-25.2%)

IMPORT GROWTH (January 2023 - January 2024)$154M(6.21%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $2.45B to Iraq. The main products exported from India to Iraq were Refined Petroleum ($728M), Rice ($354M), and Raw Sugar ($249M). During the last 27 years the exports of India to Iraq have increased at an annualized rate of 35.7%, from $646k in 1995 to $2.45B in 2022.

In 2022, Iraq exported $38.8B to India. The main products exported from Iraq to India were Crude Petroleum ($37.1B), Refined Petroleum ($1.44B), and Petroleum Coke ($99.3M). During the last 27 years the exports of Iraq to India have increased at an annualized rate of 69%, from $27.3k in 1995 to $38.8B in 2022.

Exports from India () to Iraq () (2022)

Exports from Iraq () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Iraq
Top DestinationIndia$38.8B

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

In 2021, countries that imported more from India than Iraq were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Iraq than India were China ($34B), Greece ($6.27B), and Serbia ($1.21B).

Difference in imports from Iraq () and India () (2022)

Comparative Advantage India - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Iraq in the exports of Mineral Products ($730M), Vegetable Products ($459M), and Foodstuffs ($277M).

During 2022, Iraq had a large net trade with India in the exports of Mineral Products ($38.6B), Vegetable Products ($77M), and Animal and Vegetable Bi-Products ($60M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Iraq. Similarly, the more yellow a dot/product is, the more Iraq has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Iraq () (2022)

Exports from Iraq () to India () (2022)

Market Competitiveness

Difference in imports from Iraq () and India () (2022)

Comparative Advantage India - Iraq

Economic Complexity

Competitive Landscape

Product Space of India () and Iraq () (2022)

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