Iraq (IRQ) and Lithuania (LTU) Trade | The Observatory of Economic Complexity

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Iraq-Lithuania Trade: In 2023, Iraq exported $9.47k to Lithuania. The main products that Iraq exported to Lithuania were Imitation Jewellery ($5.44k), Leather Footwear ($1.11k), and Aircraft parts (gliders, balloons, and powered aircraft) ($901). Over the past 5 years the exports of Iraq to Lithuania have increased at an annualized rate of 42.3%, from $1.62k in 2018 to $9.47k in 2023.

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

Lithuania-Iraq Trade: In 2023, Lithuania exported $4.11M to Iraq. The main products that Lithuania exported to Iraq were Computers ($744k), Hard Liquor ($441k), and Peat ($345k). Over the past 5 years the exports of Lithuania to Iraq have decreased at an annualized rate of 14.4%, from $8.91M in 2018 to $4.11M in 2023.

In 2023, Lithuania 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, Lithuania ranked 32 in the Economic Complexity Index (ECI 0.85), and 63 in total exports ($41B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iraq exported $9.47k to Lithuania. The main products exported from Iraq to Lithuania were Imitation Jewellery ($5.44k), Leather Footwear ($1.11k), and Aircraft parts (gliders, balloons, and powered aircraft) ($901). During the last 5 years the exports of Iraq to Lithuania have increased at an annualized rate of 42.3%, from $1.62k in 2018 to $9.47k in 2023.

In 2018, Lithuania exported $4.11M to Iraq. The main products exported from Lithuania to Iraq were Computers ($744k), Hard Liquor ($441k), and Peat ($345k). During the last 5 years the exports of Lithuania to Iraq have decreased at an annualized rate of 14.4%, from $8.91M in 2023 to $4.11M in 2018.

Exports from Iraq () to Lithuania () (2023)

Exports from Lithuania () to Iraq () (2023)

Latest Data

Trade between Iraq () and Lithuania ()

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

Lithuania
Top DestinationLatvia$4.44B

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

In 2023, countries that imported more from Iraq than Lithuania included China ($35.5B), India ($29.8B), and United States ($8.92B).

In 2023, countries that imported more from Lithuania than Iraq included Latvia ($4.44B), Poland ($3.37B), and Russia ($2.32B).

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

Comparative Advantage Iraq - Lithuania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iraq had a large net trade with Lithuania in the exports of Precious Metals ($5.44k), Transportation ($1.63k), and Footwear and Headwear ($1.29k).

During 2018, Lithuania had a large net trade with Iraq in the exports of Machines ($1.28M), Foodstuffs ($909k), and Mineral Products ($643k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Lithuania+$11.9kThermostats

Top Product Potential Lithuania Iraq+$2.11MRefined 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 Lithuania. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Lithuania. Similarly, a dot/product with the flag of Lithuania indicates it has a comparative advantage over Iraq.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Lithuania () (2023)

Exports from Lithuania () to Iraq () (2023)

Latest Data

Trade between Iraq () and Lithuania ()

Lithuania Exports

Market Competitiveness

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

Comparative Advantage Iraq - Lithuania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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