Iraq (IRQ) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Iraq-Philippines Trade: In 2022, Iraq exported $433M to Philippines. The main products that Iraq exported to Philippines were Crude Petroleum ($370M), Refined Petroleum ($53.2M), and Acyclic Hydrocarbons ($5.01M). Over the past 5 years the exports of Iraq to Philippines have increased at an annualized rate of 844%, from $5.77k in 2017 to $433M in 2022.

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

Philippines-Iraq Trade: In 2022, Philippines exported $4.05M to Iraq. The main products that Philippines exported to Iraq were Malt Extract ($1.55M), Coconuts, Brazil Nuts, and Cashews ($854k), and Building Stone ($577k). Over the past 5 years the exports of Philippines to Iraq have decreased at an annualized rate of 19.5%, from $28.5M in 2017 to $4.05M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $433M to Philippines. The main products exported from Iraq to Philippines were Crude Petroleum ($370M), Refined Petroleum ($53.2M), and Acyclic Hydrocarbons ($5.01M). During the last 5 years the exports of Iraq to Philippines have increased at an annualized rate of 844%, from $5.77k in 2017 to $433M in 2022.

In 2017, Philippines exported $4.05M to Iraq. The main products exported from Philippines to Iraq were Malt Extract ($1.55M), Coconuts, Brazil Nuts, and Cashews ($854k), and Building Stone ($577k). During the last 5 years the exports of Philippines to Iraq have decreased at an annualized rate of 19.5%, from $28.5M in 2022 to $4.05M in 2017.

Exports from Iraq () to Philippines () (2022)

Exports from Philippines () to Iraq () (2022)

Latest Data

Trade between Iraq () and Philippines ()

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Iraq than Philippines included India ($38.8B), China ($34B), and Greece ($6.27B).

In 2022, countries that imported more from Philippines than Iraq included Hong Kong ($12.6B), Japan ($11.3B), and Singapore ($7.07B).

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

Comparative Advantage Iraq - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Philippines in the exports of Mineral Products ($427M), Chemical Products ($5.88M), and Machines ($26.2k).

During 2017, Philippines had a large net trade with Iraq in the exports of Foodstuffs ($1.55M), Vegetable Products ($1.31M), and Stone And Glass ($577k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Philippines+$10.3kRefined Petroleum

Top Product Potential Philippines Iraq+$6.74kGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Philippines () (2022)

Exports from Philippines () to Iraq () (2022)

Latest Data

Trade between Iraq () and Philippines ()

Philippines Exports

Market Competitiveness

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

Comparative Advantage Iraq - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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