Sri Lanka (LKA) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Sri Lanka-Iraq Trade: In 2023, Sri Lanka exported $131M to Iraq. The main products that Sri Lanka exported to Iraq were Tea ($121M), Coconuts, Brazil Nuts, and Cashews ($6.75M), and Large Construction Vehicles ($895k). Over the past 6 years the exports of Sri Lanka to Iraq have decreased at an annualized rate of 1.95%, from $147M in 2017 to $131M in 2023.

In 2023, Sri Lanka did not export any services to Iraq.

Iraq-Sri Lanka In N/A, Iraq did not export any products to Sri Lanka.

In 2023, Iraq did not export any services to Sri Lanka.

Comparison: In 2023, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B). 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, Sri Lanka exported $131M to Iraq. The main products exported from Sri Lanka to Iraq were Tea ($121M), Coconuts, Brazil Nuts, and Cashews ($6.75M), and Large Construction Vehicles ($895k). During the last 6 years the exports of Sri Lanka to Iraq have decreased at an annualized rate of 1.95%, from $147M in 2017 to $131M in 2023.

Iraq does not register exports to Sri Lanka. The main products exported from Iraq to Sri Lanka were Petroleum Gas ($94.5M), Tropical Fruits ($245k), and Halogenated Hydrocarbons ($3.79k).

Exports from Sri Lanka () to Iraq () (2023)

Exports from Iraq () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Iraq ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$2.98B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Sri Lanka than Iraq included United Kingdom ($900M), Canada ($379M), and Switzerland ($311M).

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

Difference in imports from Iraq () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sri Lanka had a large net trade with Iraq in the exports of Vegetable Products ($128M), Machines ($899k), and Plastics and Rubbers ($628k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sri Lanka Iraq+$3.44kRubber Tires

Top Product Potential Iraq Sri Lanka+$7.76kRefined 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 Sri Lanka and Iraq. This means that a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Sri Lanka.

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Iraq () (2023)

Exports from Iraq () to Sri Lanka () (2023)

Latest Data

Trade between Sri Lanka () and Iraq ()

Sri Lanka Exports

Market Competitiveness

Difference in imports from Iraq () and Sri Lanka () (2023)

Comparative Advantage Sri Lanka - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Iraq () (2023)

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