2022
Flag  
GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
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GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
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 GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
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GDP PC 
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
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GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186
2022
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GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
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GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186

About

Iraq-Australia Trade: In 2022, Iraq exported $270k to Australia. The main products that Iraq exported to Australia were Other Processed Fruits and Nuts ($100k), Flavored Water ($43.4k), and Baked Goods ($27.9k). Over the past 5 years the exports of Iraq to Australia have increased at an annualized rate of 48.1%, from $37.8k in 2017 to $270k in 2022.

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

Australia-Iraq Trade: In 2022, Australia exported $109M to Iraq. The main products that Australia exported to Iraq were Wheat ($84.9M), Dried Legumes ($9.94M), and Cheese ($6.12M). Over the past 5 years the exports of Australia to Iraq have increased at an annualized rate of 2.34%,  from $67M in 2017 to $109M in 2022.

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

Comparison: In 2022,  Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iraq exported $270k to Australia. The main products exported from Iraq to Australia were Other Processed Fruits and Nuts ($100k), Flavored Water ($43.4k), and Baked Goods ($27.9k). During the last 5 years the exports of Iraq to Australia have increased at an annualized rate of 48.1%, from $37.8k in 2017 to $270k in 2022.

In 2017, Australia exported $109M to Iraq. The main products exported from Australia to Iraq were Wheat ($84.9M), Dried Legumes ($9.94M), and Cheese ($6.12M). During the last 5 years the exports of Australia to Iraq have increased at an annualized rate of 2.34%, from $67M in 2022 to $109M in 2017.

Exports from Iraq (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to Iraq (Flag) (2022)

Latest Data

Trade between Iraq (Flag) and Australia (Flag)

Australia Exports

Market Competitiveness

Color
Iraq
Top Destination
India$38.8B
Australia
Top Destination
China$123B

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

In 2022, countries that imported more from Iraq than Australia included India ($38.8B), Greece ($6.27B), and Italy ($4.67B).

In 2022, countries that imported more from Australia than Iraq included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia (Flag) and Iraq (Flag) (2022)

Comparative Advantage Iraq - Australia

Flow
Scale

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

During 2022, Iraq had a large net trade with Australia in the exports of Foodstuffs ($227k), Machines ($10.5k), and Vegetable Products ($7.16k).

During 2017, Australia had a large net trade with Iraq in the exports of Vegetable Products ($94.8M), Animal Products ($6.38M), and Chemical Products ($5.39M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iraq Australia+$116kFlavored Water
Top Product Potential Australia Iraq+$4.18MDried Legumes

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

Product Space of Iraq (Flag) and Australia (Flag) (2022)

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