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2023
Flag → Flag
Exports $29MRnk 86 / 211
2023
Flag → Flag
Top Product $13MEggs
2023
Flag → Flag
Exports $8.21kRnk 81 / 100
2023
Flag → Flag
Top Product $1.86kBaby Carriages
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 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

Portugal-Iraq Trade: In 2023, Portugal exported $29M to Iraq. The main products that Portugal exported to Iraq were Eggs ($13M), Packaged Medicaments ($6.07M), and Seats ($832k). Over the past 5 years the exports of Portugal to Iraq have increased at an annualized rate of 4.35%, from $23.4M in 2018 to $29M in 2023.

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

Iraq-Portugal Trade: In 2023, Iraq exported $8.21k to Portugal. The main products that Iraq exported to Portugal were Baby Carriages ($1.86k), Kaolin ($1.67k), and Non-Knit Men's Shirts ($1.46k). Over the past 5 years the exports of Iraq to Portugal have decreased at an annualized rate of 87.5%,  from $268M in 2018 to $8.21k in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €2.19M and imported €581 from Iraq, resulting in a positive trade balance of €2.19M. Between December 2023 and December 2024 the exports of Portugal have decreased by €-261k (-10.7%) from €2.45M to €2.19M, while imports decreased by €-1.41k (-70.9%) from €2k to €581.

Trade In December 2024, the top exports of Portugal to Iraq were Edible products of animal origin, n.e.s. (€2.31M), Machinery, mechanical appliances, & parts (€897k), Pharmaceutical products (€708k), Electrical machinery and electronics (€86.8k), and Plastics & articles thereof (€54.6k). In December 2024 the top imports of Portugal from Iraq were Live animals (€0), Meat & edible offal (€0), Fish, Crustaceans & Molluscs (€0), Edible products of animal origin, n.e.s. (€0), and Animal originated products, n.e.s. (€0).

Growth In December 2024, the decrease in Portugal's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Preparations of cereals, flour, starch or... (€-195k or -84.9%), Food residues & wastes; animal fodder (€-44.8k or -100%), and Glass & glassware (€-23.8k or -98.3%). In December 2024, the decrease in Portugal's year-by-year imports  from Iraq was explained primarily by an decrease in product imports  in Non-knitted clothing accesories (€-324 or -100%) and Salt, sulphur, cement, lime, stone, &... (€-1 or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€-261k(-10.7%)
IMPORT GROWTH (December 2023 - December 2024)€-1.41k(-70.9%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Iraq and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $29M to Iraq. The main products exported from Portugal to Iraq were Eggs ($13M), Packaged Medicaments ($6.07M), and Seats ($832k). During the last 5 years the exports of Portugal to Iraq have increased at an annualized rate of 4.35%, from $23.4M in 2018 to $29M in 2023.

In 2018, Iraq exported $8.21k to Portugal. The main products exported from Iraq to Portugal were Baby Carriages ($1.86k), Kaolin ($1.67k), and Non-Knit Men's Shirts ($1.46k). During the last 5 years the exports of Iraq to Portugal have decreased at an annualized rate of 87.5%, from $268M in 2023 to $8.21k in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Portugal than Iraq included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Iraq than Portugal included China ($35.5B), India ($29.8B), and Greece ($5.68B).

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

Comparative Advantage Portugal - Iraq

Flow
Scale

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

During 2023, Portugal had a large net trade with Iraq in the exports of Animal Products ($13M), Chemical Products ($6.29M), and Machines ($1.83M).

During 2018, Iraq had a large net trade with Portugal in the exports of Textiles ($2.05k), Transportation ($1.86k), and Mineral Products ($1.67k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Iraq+$4.73MPackaged Medicaments
Top Product Potential Iraq Portugal+$13.6kCrude 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

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

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

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