NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $3.47BRnk 33 / 220
2023
Flag → Flag
Top Product $1.16BRefined Petroleum
2023
Flag → Flag
Exports $29.8BRnk 2 / 100
2023
Flag → Flag
Top Product $28.3BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 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

India-Iraq Trade: In 2023, India exported $3.47B to Iraq. The main products that India exported to Iraq were Refined Petroleum ($1.16B), Rice ($733M), and Frozen Bovine Meat ($278M). Over the past 5 years the exports of India to Iraq have increased at an annualized rate of 13.4%, from $1.85B in 2018 to $3.47B in 2023.

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

Iraq-India Trade: In 2023, Iraq exported $29.8B to India. The main products that Iraq exported to India were Crude Petroleum ($28.3B), Petroleum Coke ($677M), and Refined Petroleum ($601M). Over the past 5 years the exports of Iraq to India have increased at an annualized rate of 5.31%,  from $23B in 2018 to $29.8B in 2023.

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

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). 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, India exported $249M and imported $2.04B from Iraq, resulting in a negative trade balance of $1.79B. Between November 2023 and November 2024 the exports of India have increased by $57M (29.6%) from $192M to $249M, while imports decreased by $-867M (-29.8%) from $2.91B to $2.04B.

Trade In November 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 November 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 November 2024, the increase in India's year-by-year exports to Iraq was explained primarily by an increase in product exports in Petroleum Products ($163M or 239k%), Rice -Basmoti ($30.1M or 130%), and Sugar ($26M or 126%). In November 2024, the decrease in India's year-by-year imports  from Iraq was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$57M(29.6%)
IMPORT GROWTH (November 2023 - November 2024)$-867M(-29.8%)

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.

For full datasets download visit Bulk Download page.

Explore Iraq and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $3.47B to Iraq. The main products exported from India to Iraq were Refined Petroleum ($1.16B), Rice ($733M), and Frozen Bovine Meat ($278M). During the last 5 years the exports of India to Iraq have increased at an annualized rate of 13.4%, from $1.85B in 2018 to $3.47B in 2023.

In 2018, Iraq exported $29.8B to India. The main products exported from Iraq to India were Crude Petroleum ($28.3B), Petroleum Coke ($677M), and Refined Petroleum ($601M). During the last 5 years the exports of Iraq to India have increased at an annualized rate of 5.31%, from $23B in 2023 to $29.8B in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Iraq
Top DestinationChina$35.5B

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 2023, countries that imported more from India than Iraq included United States ($85.5B), United Arab Emirates ($28.8B), and United Kingdom ($14.4B).

In 2023, countries that imported more from Iraq than India included China ($35.5B), Greece ($5.68B), and Serbia ($852M).

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

Comparative Advantage India - Iraq

Flow
Scale

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

During 2023, India had a large net trade with Iraq in the exports of Mineral Products ($1.16B), Vegetable Products ($947M), and Animal Products ($284M).

During 2018, Iraq had a large net trade with India in the exports of Mineral Products ($29.6B), Animal and Vegetable Bi-Products ($120M), and Vegetable Products ($81.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Iraq+$429MRefined Petroleum
Top Product Potential Iraq India+$907MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms