Iraq (IRQ) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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Iraq-Hong Kong Trade: In 2022, Iraq exported $3.48M to Hong Kong. The main products that Iraq exported to Hong Kong were Base Metal Watches ($2.53M), Telephones ($865k), and Office Machine Parts ($29k). Over the past 5 years the exports of Iraq to Hong Kong have increased at an annualized rate of 8.53%, from $2.31M in 2017 to $3.48M in 2022.

In 2022, Iraq did not export any services to Hong Kong.

Hong Kong-Iraq Trade: In 2022, Hong Kong exported $11.4M to Iraq. The main products that Hong Kong exported to Iraq were Broadcasting Equipment ($4.16M), Medical Instruments ($1.78M), and Computers ($1.61M). Over the past 5 years the exports of Hong Kong to Iraq have decreased at an annualized rate of 28.3%, from $60.2M in 2017 to $11.4M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $3.48M to Hong Kong. The main products exported from Iraq to Hong Kong were Base Metal Watches ($2.53M), Telephones ($865k), and Office Machine Parts ($29k). During the last 5 years the exports of Iraq to Hong Kong have increased at an annualized rate of 8.53%, from $2.31M in 2017 to $3.48M in 2022.

In 2017, Hong Kong exported $11.4M to Iraq. The main products exported from Hong Kong to Iraq were Broadcasting Equipment ($4.16M), Medical Instruments ($1.78M), and Computers ($1.61M). During the last 5 years the exports of Hong Kong to Iraq have decreased at an annualized rate of 28.3%, from $60.2M in 2022 to $11.4M in 2017.

Exports from Iraq () to Hong Kong () (2022)

Exports from Hong Kong () to Iraq () (2022)

Latest Data

Trade between Iraq () and Hong Kong ()

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Hong Kong
Top DestinationChina$23.4B

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

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

In 2022, countries that imported more from Hong Kong than Iraq included Switzerland ($4.11B), Malaysia ($3.84B), and Thailand ($3.43B).

Difference in imports from Hong Kong () and Iraq () (2022)

Comparative Advantage Iraq - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Hong Kong in the exports of Instruments ($2.53M), Machines ($938k), and Chemical Products ($4.67k).

During 2017, Hong Kong had a large net trade with Iraq in the exports of Machines ($7.59M), Instruments ($3.45M), and Plastics and Rubbers ($201k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Hong Kong+$1.25MTelephones

Top Product Potential Hong Kong Iraq+$11.5MTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to Hong Kong () (2022)

Exports from Hong Kong () to Iraq () (2022)

Latest Data

Trade between Iraq () and Hong Kong ()

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and Iraq () (2022)

Comparative Advantage Iraq - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Hong Kong () (2022)

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