Iraq (IRQ) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Iraq-Austria Trade: In 2022, Iraq exported $525M to Austria. The main products that Iraq exported to Austria were Crude Petroleum ($525M), Orthopedic Appliances ($53.4k), and Chemical Analysis Instruments ($32.7k). Over the past 5 years the exports of Iraq to Austria have increased at an annualized rate of 8.78%, from $345M in 2017 to $525M in 2022.

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

Austria-Iraq Trade: In 2022, Austria exported $100M to Iraq. The main products that Austria exported to Iraq were Cheese ($13M), Centrifuges ($8.1M), and Rubber Apparel ($7.14M). Over the past 5 years the exports of Austria to Iraq have increased at an annualized rate of 1.36%, from $93.6M in 2017 to $100M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $525M to Austria. The main products exported from Iraq to Austria were Crude Petroleum ($525M), Orthopedic Appliances ($53.4k), and Chemical Analysis Instruments ($32.7k). During the last 5 years the exports of Iraq to Austria have increased at an annualized rate of 8.78%, from $345M in 2017 to $525M in 2022.

In 2017, Austria exported $100M to Iraq. The main products exported from Austria to Iraq were Cheese ($13M), Centrifuges ($8.1M), and Rubber Apparel ($7.14M). During the last 5 years the exports of Austria to Iraq have increased at an annualized rate of 1.36%, from $93.6M in 2022 to $100M in 2017.

Exports from Iraq () to Austria () (2022)

Exports from Austria () to Iraq () (2022)

Latest Data

Trade between Iraq () and Austria ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Iraq than Austria included India ($38.8B), China ($34B), and South Korea ($8.21B).

In 2022, countries that imported more from Austria than Iraq included Germany ($57.7B), Switzerland ($11.2B), and Hungary ($10.4B).

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

Comparative Advantage Iraq - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Austria in the exports of Mineral Products ($525M), Instruments ($88.6k), and Machines ($27.8k).

During 2017, Austria had a large net trade with Iraq in the exports of Machines ($18.6M), Chemical Products ($13.7M), and Animal Products ($13M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Austria+$148MCrude Petroleum

Top Product Potential Austria Iraq+$12.9MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Austria () (2022)

Exports from Austria () to Iraq () (2022)

Latest Data

Trade between Iraq () and Austria ()

Austria Exports

Market Competitiveness

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

Comparative Advantage Iraq - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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