2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186

About

Norway-Iraq Trade: In 2022, Norway exported $8.64M to Iraq. The main products that Norway exported to Iraq were Electric Generating Sets ($4.49M), Surveying Equipment ($1.5M), and Special purpose motor vehicles ($672k). Over the past 5 years the exports of Norway to Iraq have decreased at an annualized rate of 19.6%, from $25.7M in 2017 to $8.64M in 2022.

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

Iraq-Norway Trade: In 2022, Iraq exported $148k to Norway. The main products that Iraq exported to Norway were Jewellery ($88.3k), Paintings ($36.6k), and Air Pumps ($6.8k). Over the past 5 years the exports of Iraq to Norway have increased at an annualized rate of 6.55%,  from $69.2k in 2017 to $148k in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). 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
Value

In 2022, Norway exported $8.64M to Iraq. The main products exported from Norway to Iraq were Electric Generating Sets ($4.49M), Surveying Equipment ($1.5M), and Special purpose motor vehicles ($672k). During the last 5 years the exports of Norway to Iraq have decreased at an annualized rate of 19.6%, from $25.7M in 2017 to $8.64M in 2022.

In 2017, Iraq exported $148k to Norway. The main products exported from Iraq to Norway were Jewellery ($88.3k), Paintings ($36.6k), and Air Pumps ($6.8k). During the last 5 years the exports of Iraq to Norway have increased at an annualized rate of 6.55%, from $69.2k in 2022 to $148k in 2017.

Exports from Norway (Flag) to Iraq (Flag) (2022)

Exports from Iraq (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Iraq
Top Destination
India$38.8B

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 2022, countries that imported more from Norway than Iraq included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Difference in imports from Iraq (Flag) and Norway (Flag) (2022)

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 2022, Norway had a large net trade with Iraq in the exports of Machines ($6.05M), Instruments ($1.51M), and Transportation ($749k).

During 2017, Iraq had a large net trade with Norway in the exports of Precious Metals ($89.6k), Arts and Antiques ($36.6k), and Machines ($10.7k).

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.

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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) (2022)

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