Iraq (IRQ) and Greece (GRC) Trade | The Observatory of Economic Complexity

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Iraq-Greece Trade: In 2022, Iraq exported $6.27B to Greece. The main products that Iraq exported to Greece were Crude Petroleum ($6.12B), Refined Petroleum ($149M), and Asphalt Mixtures ($15k). Over the past 5 years the exports of Iraq to Greece have increased at an annualized rate of 14.4%, from $3.21B in 2017 to $6.27B in 2022.

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

Greece-Iraq Trade: In 2022, Greece exported $48.8M to Iraq. The main products that Greece exported to Iraq were Hard Liquor ($18.3M), Packaged Medicaments ($11.2M), and Amino-resins ($2.46M). Over the past 5 years the exports of Greece to Iraq have decreased at an annualized rate of 6.44%, from $68M in 2017 to $48.8M in 2022.

In 2022, Greece 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $6.27B to Greece. The main products exported from Iraq to Greece were Crude Petroleum ($6.12B), Refined Petroleum ($149M), and Asphalt Mixtures ($15k). During the last 5 years the exports of Iraq to Greece have increased at an annualized rate of 14.4%, from $3.21B in 2017 to $6.27B in 2022.

In 2017, Greece exported $48.8M to Iraq. The main products exported from Greece to Iraq were Hard Liquor ($18.3M), Packaged Medicaments ($11.2M), and Amino-resins ($2.46M). During the last 5 years the exports of Greece to Iraq have decreased at an annualized rate of 6.44%, from $68M in 2022 to $48.8M in 2017.

Exports from Iraq () to Greece () (2022)

Exports from Greece () to Iraq () (2022)

Latest Data

Trade between Iraq () and Greece ()

Greece Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Iraq than Greece included India ($38.8B), China ($34B), and United States ($10.3B).

In 2022, countries that imported more from Greece than Iraq included Bulgaria ($3.62B), Cyprus ($2.92B), and United Kingdom ($2.2B).

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

Comparative Advantage Iraq - Greece

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Greece in the exports of Mineral Products ($6.27B), Metals ($2.84k), and Textiles ($1.74k).

During 2017, Greece had a large net trade with Iraq in the exports of Foodstuffs ($21.5M), Chemical Products ($13.3M), and Machines ($5.49M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Greece+$151MRefined Petroleum

Top Product Potential Greece Iraq+$9.58MPackaged 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 Greece. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Iraq.

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to Greece () (2022)

Exports from Greece () to Iraq () (2022)

Latest Data

Trade between Iraq () and Greece ()

Greece Exports

Market Competitiveness

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

Comparative Advantage Iraq - Greece

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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