Romania (ROU) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Romania-Iraq Trade: In 2022, Romania exported $52M to Iraq. The main products that Romania exported to Iraq were Valves ($11.8M), Iron Pipes ($8.48M), and Sawn Wood ($4.96M). Over the past 5 years the exports of Romania to Iraq have decreased at an annualized rate of 2.43%, from $58.9M in 2017 to $52M in 2022.

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

Iraq-Romania Trade: In 2022, Iraq exported $363k to Romania. The main products that Iraq exported to Romania were Excavation Machinery ($184k), Iron Pipes ($90.4k), and Air Pumps ($10.4k). Over the past 5 years the exports of Iraq to Romania have decreased at an annualized rate of 69%, from $128M in 2017 to $363k in 2022.

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

Comparison: In 2022, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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, Romania exported $52M to Iraq. The main products exported from Romania to Iraq were Valves ($11.8M), Iron Pipes ($8.48M), and Sawn Wood ($4.96M). During the last 5 years the exports of Romania to Iraq have decreased at an annualized rate of 2.43%, from $58.9M in 2017 to $52M in 2022.

In 2017, Iraq exported $363k to Romania. The main products exported from Iraq to Romania were Excavation Machinery ($184k), Iron Pipes ($90.4k), and Air Pumps ($10.4k). During the last 5 years the exports of Iraq to Romania have decreased at an annualized rate of 69%, from $128M in 2022 to $363k in 2017.

Exports from Romania () to Iraq () (2022)

Exports from Iraq () to Romania () (2022)

Latest Data

Trade between Romania () and Iraq ()

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$18.8B

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Romania than Iraq included Germany ($18.8B), Hungary ($6.75B), and Italy ($9.55B).

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

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

Comparative Advantage Romania - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Romania had a large net trade with Iraq in the exports of Machines ($24.5M), Metals ($9.98M), and Wood Products ($5.69M).

During 2017, Iraq had a large net trade with Romania in the exports of Machines ($222k), Metals ($122k), and Instruments ($13.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Iraq+$4.91MIron Pipes

Top Product Potential Iraq Romania+$64.7kExcavation Machinery

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

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Historical Data

Bilateral Trade by Products

Exports from Romania () to Iraq () (2022)

Exports from Iraq () to Romania () (2022)

Latest Data

Trade between Romania () and Iraq ()

Romania Exports

Market Competitiveness

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

Comparative Advantage Romania - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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