Iraq (IRQ) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Iraq-Spain Trade: In 2022, Iraq exported $3.08B to Spain. The main products that Iraq exported to Spain were Crude Petroleum ($3.02B), Refined Petroleum ($53.4M), and Stearic Acid ($1.14M). Over the past 5 years the exports of Iraq to Spain have increased at an annualized rate of 19.2%, from $1.28B in 2017 to $3.08B in 2022.

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

Spain-Iraq Trade: In 2022, Spain exported $182M to Iraq. The main products that Spain exported to Iraq were Packaged Medicaments ($30.1M), Unglazed Ceramics ($23M), and Olive Oil ($8.5M). Over the past 5 years the exports of Spain to Iraq have decreased at an annualized rate of 1.39%, from $212M in 2017 to $182M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $3.08B to Spain. The main products exported from Iraq to Spain were Crude Petroleum ($3.02B), Refined Petroleum ($53.4M), and Stearic Acid ($1.14M). During the last 5 years the exports of Iraq to Spain have increased at an annualized rate of 19.2%, from $1.28B in 2017 to $3.08B in 2022.

In 2017, Spain exported $182M to Iraq. The main products exported from Spain to Iraq were Packaged Medicaments ($30.1M), Unglazed Ceramics ($23M), and Olive Oil ($8.5M). During the last 5 years the exports of Spain to Iraq have decreased at an annualized rate of 1.39%, from $212M in 2022 to $182M in 2017.

Exports from Iraq () to Spain () (2022)

Exports from Spain () to Iraq () (2022)

Latest Data

Trade between Iraq () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Spain
Top DestinationFrance$65.2B

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

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

In 2022, countries that imported more from Spain than Iraq included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Iraq - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Spain in the exports of Mineral Products ($3.07B), Animal and Vegetable Bi-Products ($1.14M), and Foodstuffs ($928k).

During 2017, Spain had a large net trade with Iraq in the exports of Chemical Products ($47.8M), Machines ($36.7M), and Stone And Glass ($25.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Spain+$745MCrude Petroleum

Top Product Potential Spain Iraq+$22.6MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Spain () (2022)

Exports from Spain () to Iraq () (2022)

Latest Data

Trade between Iraq () and Spain ()

Spain Exports

Market Competitiveness

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

Comparative Advantage Iraq - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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