2022
Flag  
GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC 
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Iraq-Singapore Trade: In 2022, Iraq exported $1.08B to Singapore. The main products that Iraq exported to Singapore were Crude Petroleum ($755M), Refined Petroleum ($329M), and Base Metal Watches ($58.6k). Over the past 5 years the exports of Iraq to Singapore have decreased at an annualized rate of 6.25%, from $1.5B in 2017 to $1.08B in 2022.

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

Singapore-Iraq Trade: In 2022, Singapore exported $76.8M to Iraq. The main products that Singapore exported to Iraq were Other Edible Preparations ($11.7M), Valves ($7.03M), and Refined Petroleum ($5.48M). Over the past 5 years the exports of Singapore to Iraq have increased at an annualized rate of 1.29%,  from $60.2M in 2017 to $76.8M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iraq exported $1.08B to Singapore. The main products exported from Iraq to Singapore were Crude Petroleum ($755M), Refined Petroleum ($329M), and Base Metal Watches ($58.6k). During the last 5 years the exports of Iraq to Singapore have decreased at an annualized rate of 6.25%, from $1.5B in 2017 to $1.08B in 2022.

In 2017, Singapore exported $76.8M to Iraq. The main products exported from Singapore to Iraq were Other Edible Preparations ($11.7M), Valves ($7.03M), and Refined Petroleum ($5.48M). During the last 5 years the exports of Singapore to Iraq have increased at an annualized rate of 1.29%, from $60.2M in 2022 to $76.8M in 2017.

Exports from Iraq (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Iraq (Flag) (2022)

Latest Data

Trade between Iraq (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Iraq
Top Destination
India$38.8B
Singapore
Top Destination
Hong Kong$51.6B

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

In 2022, countries that imported more from Iraq than Singapore included India ($38.8B), Greece ($6.27B), and Italy ($4.67B).

In 2022, countries that imported more from Singapore than Iraq included Hong Kong ($51.6B), Malaysia ($35.9B), and Indonesia ($22.5B).

Difference in imports from Singapore (Flag) and Iraq (Flag) (2022)

Comparative Advantage Iraq - Singapore

Flow
Scale

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

During 2022, Iraq had a large net trade with Singapore in the exports of Mineral Products ($1.08B), Instruments ($89.3k), and Chemical Products ($11.4k).

During 2017, Singapore had a large net trade with Iraq in the exports of Machines ($32.9M), Foodstuffs ($20.1M), and Metals ($6.26M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iraq Singapore+$669MCrude Petroleum
Top Product Potential Singapore Iraq+$17.5MRefined 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

This visualization shows the product space at the HS4 level with the flags of Iraq and Singapore. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Iraq.

Product Space of Iraq (Flag) and Singapore (Flag) (2022)

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