Iraq (IRQ) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Iraq-Denmark Trade: In 2023, Iraq exported $6.32M to Denmark. The main products that Iraq exported to Denmark were Coal Tar Oil ($6.17M), Gas and Liquid Flow Measuring Instruments ($85.1k), and Collector's Items ($19.3k). Over the past 5 years the exports of Iraq to Denmark have increased at an annualized rate of 126%, from $108k in 2018 to $6.32M in 2023.

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

Denmark-Iraq Trade: In 2023, Denmark exported $50.1M to Iraq. The main products that Denmark exported to Iraq were Butter ($7.39M), Other Edible Preparations ($5.54M), and Industrial Food Preperation Machinery ($2.93M). Over the past 5 years the exports of Denmark to Iraq have increased at an annualized rate of 3.39%, from $42.4M in 2018 to $50.1M in 2023.

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

Comparison: In 2023, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B). That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iraq exported $6.32M to Denmark. The main products exported from Iraq to Denmark were Coal Tar Oil ($6.17M), Gas and Liquid Flow Measuring Instruments ($85.1k), and Collector's Items ($19.3k). During the last 5 years the exports of Iraq to Denmark have increased at an annualized rate of 126%, from $108k in 2018 to $6.32M in 2023.

In 2018, Denmark exported $50.1M to Iraq. The main products exported from Denmark to Iraq were Butter ($7.39M), Other Edible Preparations ($5.54M), and Industrial Food Preperation Machinery ($2.93M). During the last 5 years the exports of Denmark to Iraq have increased at an annualized rate of 3.39%, from $42.4M in 2023 to $50.1M in 2018.

Exports from Iraq () to Denmark () (2023)

Exports from Denmark () to Iraq () (2023)

Latest Data

Trade between Iraq () and Denmark ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

Denmark
Top DestinationGermany$14.8B

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

In 2023, countries that imported more from Iraq than Denmark included China ($35.5B), India ($29.8B), and Greece ($5.68B).

In 2023, countries that imported more from Denmark than Iraq included Germany ($14.8B), Sweden ($11.2B), and United Kingdom ($5.81B).

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

Comparative Advantage Iraq - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iraq had a large net trade with Denmark in the exports of Mineral Products ($6.17M), Instruments ($102k), and Arts and Antiques ($19.3k).

During 2018, Denmark had a large net trade with Iraq in the exports of Machines ($15.3M), Animal Products ($10.3M), and Foodstuffs ($7.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Denmark+$55.6kMedical Instruments

Top Product Potential Denmark Iraq+$2.4MOther Edible Preparations

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Denmark () (2023)

Exports from Denmark () to Iraq () (2023)

Latest Data

Trade between Iraq () and Denmark ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Iraq - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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