Kuwait (KWT) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

About

Kuwait-Iraq Trade: In 2023, Kuwait exported $384M to Iraq. The main products that Kuwait exported to Iraq were Cars ($118M), Delivery Trucks ($77.6M), and Concentrated Milk ($51.5M). Over the past 5 years the exports of Kuwait to Iraq have decreased at an annualized rate of 9.17%, from $621M in 2018 to $384M in 2023.

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

Iraq-Kuwait Trade: In 2023, Iraq exported $24.6M to Kuwait. The main products that Iraq exported to Kuwait were Forage Crops ($18.8M), Cereal Straws ($1.91M), and Refined Petroleum ($1.21M). Over the past 5 years the exports of Iraq to Kuwait have increased at an annualized rate of 60.6%, from $2.3M in 2018 to $24.6M in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Kuwait exported $384M to Iraq. The main products exported from Kuwait to Iraq were Cars ($118M), Delivery Trucks ($77.6M), and Concentrated Milk ($51.5M). During the last 5 years the exports of Kuwait to Iraq have decreased at an annualized rate of 9.17%, from $621M in 2018 to $384M in 2023.

In 2018, Iraq exported $24.6M to Kuwait. The main products exported from Iraq to Kuwait were Forage Crops ($18.8M), Cereal Straws ($1.91M), and Refined Petroleum ($1.21M). During the last 5 years the exports of Iraq to Kuwait have increased at an annualized rate of 60.6%, from $2.3M in 2023 to $24.6M in 2018.

Exports from Kuwait () to Iraq () (2023)

Exports from Iraq () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Iraq ()

Kuwait Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Kuwait than Iraq included Japan ($9.13B), Chinese Taipei ($4.74B), and United Kingdom ($3.31B).

In 2023, countries that imported more from Iraq than Kuwait included India ($29.8B), China ($35.5B), and United States ($8.92B).

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

Comparative Advantage Kuwait - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Iraq in the exports of Transportation ($206M), Animal Products ($93.4M), and Chemical Products ($21.4M).

During 2018, Iraq had a large net trade with Kuwait in the exports of Vegetable Products ($21.6M), Mineral Products ($1.21M), and Plastics and Rubbers ($748k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Iraq+$38.6MCars

Top Product Potential Iraq Kuwait+$10.9MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Iraq () (2023)

Exports from Iraq () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Iraq ()

Kuwait Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Iraq

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring