Iraq (IRQ) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Iraq-Singapore Trade: In 2023, Iraq exported $752M to Singapore. The main products that Iraq exported to Singapore were Crude Petroleum ($557M), Refined Petroleum ($195M), and Base Metal Watches ($131k). Over the past 5 years the exports of Iraq to Singapore have decreased at an annualized rate of 27%, from $3.62B in 2018 to $752M in 2023.

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

Singapore-Iraq Trade: In 2023, Singapore exported $85.4M to Iraq. The main products that Singapore exported to Iraq were Iron Pipes ($11.5M), Other Edible Preparations ($8.47M), and Shaving Products ($7.46M). Over the past 5 years the exports of Singapore to Iraq have increased at an annualized rate of 2.31%, from $76.2M in 2018 to $85.4M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iraq exported $752M to Singapore. The main products exported from Iraq to Singapore were Crude Petroleum ($557M), Refined Petroleum ($195M), and Base Metal Watches ($131k). During the last 5 years the exports of Iraq to Singapore have decreased at an annualized rate of 27%, from $3.62B in 2018 to $752M in 2023.

In 2018, Singapore exported $85.4M to Iraq. The main products exported from Singapore to Iraq were Iron Pipes ($11.5M), Other Edible Preparations ($8.47M), and Shaving Products ($7.46M). During the last 5 years the exports of Singapore to Iraq have increased at an annualized rate of 2.31%, from $76.2M in 2023 to $85.4M in 2018.

Exports from Iraq () to Singapore () (2023)

Exports from Singapore () to Iraq () (2023)

Latest Data

Trade between Iraq () and Singapore ()

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationChina$35.5B

Singapore
Top DestinationHong Kong$44.5B

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 2023, countries that imported more from Iraq than Singapore included India ($29.8B), Greece ($5.68B), and Italy ($4.12B).

In 2023, countries that imported more from Singapore than Iraq included Hong Kong ($44.5B), Malaysia ($31.4B), and United States ($32.9B).

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

Comparative Advantage Iraq - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iraq had a large net trade with Singapore in the exports of Mineral Products ($752M), Instruments ($132k), and Machines ($52.5k).

During 2018, Singapore had a large net trade with Iraq in the exports of Machines ($27.8M), Chemical Products ($17.1M), and Foodstuffs ($17M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Singapore () (2023)

Exports from Singapore () to Iraq () (2023)

Latest Data

Trade between Iraq () and Singapore ()

Singapore Exports

Market Competitiveness

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

Comparative Advantage Iraq - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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