Lithuania (LTU) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Lithuania-Iraq Trade: In 2022, Lithuania exported $24.1M to Iraq. The main products that Lithuania exported to Iraq were Wheat ($19M), Hard Liquor ($914k), and Peat ($579k). Over the past 5 years the exports of Lithuania to Iraq have increased at an annualized rate of 28.9%, from $6.78M in 2017 to $24.1M in 2022.

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

Iraq-Lithuania Trade: In 2022, Iraq exported $31.9k to Lithuania. The main products that Iraq exported to Lithuania were Thermostats ($10.2k), Electrical Control Boards ($6.14k), and Non-Knit Women's Suits ($3.4k). Over the past 5 years the exports of Iraq to Lithuania have increased at an annualized rate of 93.2%, from $1.18k in 2017 to $31.9k in 2022.

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

Comparison: In 2022, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Lithuania exported $24.1M to Iraq. The main products exported from Lithuania to Iraq were Wheat ($19M), Hard Liquor ($914k), and Peat ($579k). During the last 5 years the exports of Lithuania to Iraq have increased at an annualized rate of 28.9%, from $6.78M in 2017 to $24.1M in 2022.

In 2017, Iraq exported $31.9k to Lithuania. The main products exported from Iraq to Lithuania were Thermostats ($10.2k), Electrical Control Boards ($6.14k), and Non-Knit Women's Suits ($3.4k). During the last 5 years the exports of Iraq to Lithuania have increased at an annualized rate of 93.2%, from $1.18k in 2022 to $31.9k in 2017.

Exports from Lithuania () to Iraq () (2022)

Exports from Iraq () to Lithuania () (2022)

Latest Data

Trade between Lithuania () and Iraq ()

Lithuania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lithuania
Top DestinationLatvia$6.18B

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Lithuania than Iraq included Latvia ($6.18B), Poland ($3.91B), and Russia ($2.88B).

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

Difference in imports from Iraq () and Lithuania () (2022)

Comparative Advantage Lithuania - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Lithuania had a large net trade with Iraq in the exports of Vegetable Products ($19M), Foodstuffs ($1.57M), and Mineral Products ($949k).

During 2017, Iraq had a large net trade with Lithuania in the exports of Instruments ($10.2k), Textiles ($9.66k), and Machines ($7.07k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lithuania Iraq+$2.11MRefined Petroleum

Top Product Potential Iraq Lithuania+$11.9kThermostats

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 Lithuania and Iraq. This means that a dot/product with the flag of Lithuania indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Lithuania.

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Historical Data

Bilateral Trade by Products

Exports from Lithuania () to Iraq () (2022)

Exports from Iraq () to Lithuania () (2022)

Latest Data

Trade between Lithuania () and Iraq ()

Lithuania Exports

Market Competitiveness

Difference in imports from Iraq () and Lithuania () (2022)

Comparative Advantage Lithuania - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lithuania () and Iraq () (2022)

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