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Pricing

2022
Flag → Flag
Exports $806MRnk 71 / 221
2022
Flag → Flag
Top Product $73.5MGas Turbines
2022
Flag → Flag
Exports $4.67BRnk 6 / 101
2022
Flag → Flag
Top Product $4.66BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
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GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$5,937CURRENT US$
Rnk 104 / 186
2012-2022
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GDP PC GROWTH-7.77%CURRENT US$
Rnk 158 / 186

About

Italy-Iraq Trade: In 2022, Italy exported $806M to Iraq. The main products that Italy exported to Iraq were Gas Turbines ($73.5M), Valves ($45M), and Other Agricultural Machinery ($43.4M). Over the past 5 years the exports of Italy to Iraq have increased at an annualized rate of 4.72%, from $640M in 2017 to $806M in 2022.

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

Iraq-Italy Trade: In 2022, Iraq exported $4.67B to Italy. The main products that Iraq exported to Italy were Crude Petroleum ($4.66B), Tanned Equine and Bovine Hides ($1.53M), and Tanned Sheep Hides ($1.09M). Over the past 5 years the exports of Iraq to Italy have increased at an annualized rate of 8.47%,  from $2.86B in 2017 to $4.67B in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

March, 2024

About

Overview In March 2024, Italy exported €66.2M and imported €159M from Iraq, resulting in a negative trade balance of €92.5M. Between March 2023 and March 2024 the exports of Italy have increased by €28.1M (73.8%) from €38.1M to €66.2M, while imports decreased by €-251M (-61.3%) from €410M to €159M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (March 2023 - March 2024)€28.1M(73.8%)
IMPORT GROWTH (March 2023 - March 2024)€-251M(-61.3%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Iraq and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $806M to Iraq. The main products exported from Italy to Iraq were Gas Turbines ($73.5M), Valves ($45M), and Other Agricultural Machinery ($43.4M). During the last 5 years the exports of Italy to Iraq have increased at an annualized rate of 4.72%, from $640M in 2017 to $806M in 2022.

In 2017, Iraq exported $4.67B to Italy. The main products exported from Iraq to Italy were Crude Petroleum ($4.66B), Tanned Equine and Bovine Hides ($1.53M), and Tanned Sheep Hides ($1.09M). During the last 5 years the exports of Iraq to Italy have increased at an annualized rate of 8.47%, from $2.86B in 2022 to $4.67B in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Italy than Iraq included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Iraq than Italy included India ($38.8B), China ($34B), and South Korea ($8.21B).

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

Comparative Advantage Italy - Iraq

Flow
Scale

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

During 2022, Italy had a large net trade with Iraq in the exports of Machines ($481M), Metals ($74.1M), and Chemical Products ($62.2M).

During 2017, Iraq had a large net trade with Italy in the exports of Mineral Products ($4.66B), Animal Hides ($2.83M), and Machines ($695k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Iraq+$32.1MPackaged Medicaments
Top Product Potential Iraq Italy+$812MCrude 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 Italy and Iraq. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Italy.

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

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