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2023
Flag → Flag
Exports $973MRnk 68 / 219
2023
Flag → Flag
Top Product $128MAir Pumps
2023
Flag → Flag
Exports $4.12BRnk 7 / 100
2023
Flag → Flag
Top Product $3.72BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$5,565CURRENT US$
Rnk 118 / 196
2013-2023
Flag
GDP PC GROWTH-16.3%CURRENT US$
Rnk 174 / 195

About

Italy-Iraq Trade: In 2023, Italy exported $973M to Iraq. The main products that Italy exported to Iraq were Air Pumps ($128M), Iron Pipes ($55.2M), and Valves ($52.9M). Over the past 5 years the exports of Italy to Iraq have increased at an annualized rate of 10.8%, from $583M in 2018 to $973M in 2023.

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

Iraq-Italy Trade: In 2023, Iraq exported $4.12B to Italy. The main products that Iraq exported to Italy were Crude Petroleum ($3.72B), Refined Petroleum ($390M), and Petroleum Coke ($2.59M). Over the past 5 years the exports of Iraq to Italy have decreased at an annualized rate of 1.9%,  from $4.53B in 2018 to $4.12B in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €36.1M and imported €226M from Iraq, resulting in a negative trade balance of €190M. Between October 2023 and October 2024 the exports of Italy have decreased by €-10.3M (-22.1%) from €46.4M to €36.1M, while imports decreased by €-204M (-47.4%) from €429M to €226M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-10.3M(-22.1%)
IMPORT GROWTH (October 2023 - October 2024)€-204M(-47.4%)

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 2023, Italy exported $973M to Iraq. The main products exported from Italy to Iraq were Air Pumps ($128M), Iron Pipes ($55.2M), and Valves ($52.9M). During the last 5 years the exports of Italy to Iraq have increased at an annualized rate of 10.8%, from $583M in 2018 to $973M in 2023.

In 2018, Iraq exported $4.12B to Italy. The main products exported from Iraq to Italy were Crude Petroleum ($3.72B), Refined Petroleum ($390M), and Petroleum Coke ($2.59M). During the last 5 years the exports of Iraq to Italy have decreased at an annualized rate of 1.9%, from $4.53B in 2023 to $4.12B in 2018.

Exports from Italy (Flag) to Iraq (Flag) (2023)

Exports from Iraq (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Iraq
Top DestinationChina$35.5B

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 2023, countries that imported more from Italy than Iraq included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Iraq than Italy included India ($29.8B), China ($35.5B), and Oman ($472M).

Difference in imports from Iraq (Flag) and Italy (Flag) (2023)

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 2023, Italy had a large net trade with Iraq in the exports of Machines ($552M), Metals ($108M), and Chemical Products ($71.8M).

During 2018, Iraq had a large net trade with Italy in the exports of Mineral Products ($4.11B), Animal Hides ($3.44M), and Foodstuffs ($1.8M).

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) (2023)

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