Iraq (IRQ) and Nepal (NPL) Trade | The Observatory of Economic Complexity

About

Iraq-Nepal Trade: In 2022, Iraq exported $28k to Nepal. The main products that Iraq exported to Nepal were Non-Knit Women's Suits ($23.6k), Video Displays ($2.9k), and Gold ($401). Over the past 5 years the exports of Iraq to Nepal have decreased at an annualized rate of 19.5%, from $82.8k in 2017 to $28k in 2022.

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

Nepal-Iraq In N/A, Nepal did not export any products to Iraq.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $28k to Nepal. The main products exported from Iraq to Nepal were Non-Knit Women's Suits ($23.6k), Video Displays ($2.9k), and Gold ($401). During the last 5 years the exports of Iraq to Nepal have decreased at an annualized rate of 19.5%, from $82.8k in 2017 to $28k in 2022.

Nepal does not register exports to Iraq. The main products exported from Nepal to Iraq were Textile Scraps ($1.81k) and Non-Knit Women's Suits ($867).

Exports from Iraq () to Nepal () (2022)

Exports from Nepal () to Iraq () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Iraq included United Kingdom ($26.2M), Australia ($13.8M), and Japan ($13.2M).

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

Comparative Advantage Iraq - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Nepal in the exports of Textiles ($24k), Machines ($2.95k), and Precious Metals ($403).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Nepal+$12.2kGold

Top Product Potential Nepal Iraq+$10.5kNon-Knit Women's Suits

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Nepal () (2022)

Exports from Nepal () to Iraq () (2022)

Market Competitiveness

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

Comparative Advantage Iraq - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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