Peru (PER) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Peru-Iraq Trade: In 2022, Peru exported $726k to Iraq. The main products that Peru exported to Iraq were Coconuts, Brazil Nuts, and Cashews ($450k), Cars ($111k), and Other Fruits ($100k). Over the past 5 years the exports of Peru to Iraq have increased at an annualized rate of 10.5%, from $440k in 2017 to $726k in 2022.

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

Iraq-Peru Trade: In 2022, Iraq exported $171 to Peru. The main products that Iraq exported to Peru were Iron Fasteners ($96) and Other Hand Tools ($75). Over the past 5 years the exports of Iraq to Peru have decreased at an annualized rate of 29.2%, from $1.92k in 2017 to $171 in 2022.

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

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). 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, Peru exported $726k to Iraq. The main products exported from Peru to Iraq were Coconuts, Brazil Nuts, and Cashews ($450k), Cars ($111k), and Other Fruits ($100k). During the last 5 years the exports of Peru to Iraq have increased at an annualized rate of 10.5%, from $440k in 2017 to $726k in 2022.

In 2017, Iraq exported $171 to Peru. The main products exported from Iraq to Peru were Iron Fasteners ($96) and Other Hand Tools ($75). During the last 5 years the exports of Iraq to Peru have decreased at an annualized rate of 29.2%, from $1.92k in 2022 to $171 in 2017.

Exports from Peru () to Iraq () (2022)

Exports from Iraq () to Peru () (2022)

Latest Data

Trade between Peru () and Iraq ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Peru than Iraq included Japan ($2.83B), Canada ($2.69B), and Switzerland ($2.08B).

In 2022, countries that imported more from Iraq than Peru included India ($38.8B), China ($34B), and Greece ($6.27B).

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

Comparative Advantage Peru - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Iraq in the exports of Vegetable Products ($550k), Transportation ($111k), and Chemical Products ($65.3k).

During 2017, Iraq had a large net trade with Peru in the exports of Metals ($171).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Iraq+$314kOther Fruits

Top Product Potential Iraq Peru+$10.3kCrude 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 Peru and Iraq. This means that a dot/product with the flag of Peru indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Peru.

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Iraq () (2022)

Exports from Iraq () to Peru () (2022)

Latest Data

Trade between Peru () and Iraq ()

Peru Exports

Market Competitiveness

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

Comparative Advantage Peru - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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