Iraq (IRQ) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Iraq-Iran Trade: In 2021, Iraq exported $1.09B to Iran. The main products that Iraq exported to Iran were N/A. Over the past 5 years the exports of Iraq to Iran have increased at an annualized rate of 76.5%, from $63.9M in 2016 to $1.09B in 2021.

In 2021, Iraq did not export any services to Iran.

Iran-Iraq Trade: In 2021, Iran exported $8.91B to Iraq. The main products that Iran exported to Iraq were N/A. Over the past 5 years the exports of Iran to Iraq have increased at an annualized rate of 7.88%, from $6.1B in 2016 to $8.91B in 2021.

In 2021, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Iraq exported $1.09B to Iran. There were not main exports from Iraq to Iran in 2021. During the last 5 years the exports of Iraq to Iran have increased at an annualized rate of 76.5%, from $63.9M in 2016 to $1.09B in 2021.

In 2016, Iran exported $8.91B to Iraq. There were not main exports from Iran to Iraq in 2016. During the last 5 years the exports of Iran to Iraq have increased at an annualized rate of 7.88%, from $6.1B in 2021 to $8.91B in 2016.

Exports from Iraq () to Iran () (2021)

Exports from Iran () to Iraq () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than Iraq included Turkey ($3.17B), Kuwait ($960M), and Pakistan ($762M).

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

Comparative Advantage Iraq - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Iraq had a large net trade with Iran in the exports of .

During 2016, Iran had a large net trade with Iraq in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Iran+$7.38kRefined Petroleum

Top Product Potential Iran Iraq+$6.63kRefined Petroleum

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

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Historical Data

Bilateral Trade by Products

Exports from Iraq () to Iran () (2021)

Exports from Iran () to Iraq () (2021)

Market Competitiveness

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

Comparative Advantage Iraq - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Iran () (2021)

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