2023
Flag  
GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP
$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH
6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC 
$87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 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

Norway-Iraq Trade: In 2023, Norway exported $4.21M to Iraq. The main products that Norway exported to Iraq were Gas and Liquid Flow Measuring Instruments ($424k), Engine Parts ($394k), and Cars ($348k). Over the past 5 years the exports of Norway to Iraq have decreased at an annualized rate of 12.5%, from $8.23M in 2018 to $4.21M in 2023.

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

Iraq-Norway Trade: In 2023, Iraq exported $53.5k to Norway. The main products that Iraq exported to Norway were Jewellery ($32.2k), Industrial Food Preperation Machinery ($6.01k), and Tropical Fruits ($3.32k). Over the past 5 years the exports of Iraq to Norway have increased at an annualized rate of 17.9%,  from $23.5k in 2018 to $53.5k in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). 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
Value

In 2023, Norway exported $4.21M to Iraq. The main products exported from Norway to Iraq were Gas and Liquid Flow Measuring Instruments ($424k), Engine Parts ($394k), and Cars ($348k). During the last 5 years the exports of Norway to Iraq have decreased at an annualized rate of 12.5%, from $8.23M in 2018 to $4.21M in 2023.

In 2018, Iraq exported $53.5k to Norway. The main products exported from Iraq to Norway were Jewellery ($32.2k), Industrial Food Preperation Machinery ($6.01k), and Tropical Fruits ($3.32k). During the last 5 years the exports of Iraq to Norway have increased at an annualized rate of 17.9%, from $23.5k in 2023 to $53.5k in 2018.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$33.8B
Iraq
Top Destination
China$35.5B

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

In 2023, countries that imported more from Norway than Iraq included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

In 2023, countries that imported more from Iraq than Norway included China ($35.5B), India ($29.8B), and United Arab Emirates ($5.65B).

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

Comparative Advantage Norway - Iraq

Flow
Scale

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

During 2023, Norway had a large net trade with Iraq in the exports of Machines ($2.44M), Transportation ($645k), and Instruments ($614k).

During 2018, Iraq had a large net trade with Norway in the exports of Precious Metals ($32.4k), Machines ($6.01k), and Vegetable Products ($5.68k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Iraq+$595kTelephones
Top Product Potential Iraq Norway+$85.2kJewellery

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

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

Product Space of Norway (Flag) and Iraq (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with