Iraq (IRQ) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Iraq-Malaysia Trade: In 2023, Iraq exported $97.9M to Malaysia. The main products that Iraq exported to Malaysia were Refined Petroleum ($97.8M), Valves ($68.3k), and Electric Motor Parts ($5.88k). Over the past 5 years the exports of Iraq to Malaysia have decreased at an annualized rate of 22.2%, from $343M in 2018 to $97.9M in 2023.

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

Malaysia-Iraq Trade: In 2023, Malaysia exported $426M to Iraq. The main products that Malaysia exported to Iraq were Refined Petroleum ($223M), Soap ($39.6M), and Palm Oil ($16M). Over the past 5 years the exports of Malaysia to Iraq have increased at an annualized rate of 26.3%, from $132M in 2018 to $426M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iraq exported $97.9M to Malaysia. The main products exported from Iraq to Malaysia were Refined Petroleum ($97.8M), Valves ($68.3k), and Electric Motor Parts ($5.88k). During the last 5 years the exports of Iraq to Malaysia have decreased at an annualized rate of 22.2%, from $343M in 2018 to $97.9M in 2023.

In 2018, Malaysia exported $426M to Iraq. The main products exported from Malaysia to Iraq were Refined Petroleum ($223M), Soap ($39.6M), and Palm Oil ($16M). During the last 5 years the exports of Malaysia to Iraq have increased at an annualized rate of 26.3%, from $132M in 2023 to $426M in 2018.

Exports from Iraq () to Malaysia () (2023)

Exports from Malaysia () to Iraq () (2023)

Latest Data

Trade between Iraq () and Malaysia ()

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

Malaysia
Top DestinationChina$79.8B

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

In 2023, countries that imported more from Iraq than Malaysia included India ($29.8B), Greece ($5.68B), and United Arab Emirates ($5.65B).

In 2023, countries that imported more from Malaysia than Iraq included Singapore ($47.3B), China ($79.8B), and United States ($44.9B).

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

Comparative Advantage Iraq - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iraq had a large net trade with Malaysia in the exports of Mineral Products ($97.8M), Machines ($81.7k), and Transportation ($5.37k).

During 2018, Malaysia had a large net trade with Iraq in the exports of Mineral Products ($223M), Chemical Products ($47.7M), and Animal and Vegetable Bi-Products ($36.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Malaysia+$146MCrude Petroleum

Top Product Potential Malaysia Iraq+$43.6MRefined 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 Malaysia. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Malaysia. Similarly, a dot/product with the flag of Malaysia indicates it has a comparative advantage over Iraq.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Malaysia () (2023)

Exports from Malaysia () to Iraq () (2023)

Latest Data

Trade between Iraq () and Malaysia ()

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Iraq - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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