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Pricing

2021
Flag → Flag
Exports $283MRnk 85 / 0
2021
Flag → Flag
Exports $47.3kRnk 39 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 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

Russia-Iraq Trade: In 2021, Russia exported $283M to Iraq. The main products that Russia exported to Iraq were N/A. Over the past 5 years the exports of Russia to Iraq have increased at an annualized rate of 1.02%, from $269M in 2016 to $283M in 2021.

In 2017, Russia exported services to Iraq worth $21.6M, with Other business services ($20.5M), Insurance services ($500k), and Transportation ($400k) being the largest in terms of value.

Iraq-Russia Trade: In 2021, Iraq exported $47.3k to Russia. The main products that Iraq exported to Russia were N/A. Over the past 5 years the exports of Iraq to Russia have increased at an annualized rate of 27.6%,  from $14k in 2016 to $47.3k in 2021.

In 2021, Iraq did not export any services to Russia.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $76.5M and imported $6.37k from Iraq, resulting in a positive trade balance of $76.5M. Between January 2021 and January 2022 the exports of Russia have increased by $69.3M (968%) from $7.16M to $76.5M, while imports increased by $287 (4.72%) from $6.08k to $6.37k.

Trade In January 2022, the top exports of Russia to Iraq were Sawn Wood ($2.15M), Iron Blocks ($1.76M), Hot-Rolled Iron ($1.34M), Plywood ($575k), and Rolled Tobacco ($421k). In January 2022 the top imports of Russia from Iraq were Other Iron Products ($3.26k).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($58.1M), SVERDLOVSK REGION ($3.52M), REPUBLIC OF DAGHESTAN ($2.97M), REPUBLIC OF TATARSTAN ($1.99M), and KOMI REPUBLIC ($1.7M), while imports destinations were mainly N/A.

Growth In January 2022, the increase in Russia's year-by-year exports to Iraq was explained primarily by an increase in product exports in Plywood ($380k or 195%), Sawn Wood ($182k or 9.25%), and Rolled Tobacco ($173k or 69.6%). In September 2021, the increase in Russia's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$69.3M(968%)
IMPORT GROWTH (September 2020 - September 2021)$287(4.72%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$58.1M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $283M to Iraq. There were not main exports from Russia to Iraq in 2021. During the last 5 years the exports of Russia to Iraq have increased at an annualized rate of 1.02%, from $269M in 2016 to $283M in 2021.

In 2016, Iraq exported $47.3k to Russia. There were not main exports from Iraq to Russia in 2016. During the last 5 years the exports of Iraq to Russia have increased at an annualized rate of 27.6%, from $14k in 2021 to $47.3k in 2016.

Exports from Russia (Flag) to Iraq (Flag) (2021)

Exports from Iraq (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Russia than Iraq included China ($101B), Germany ($27.7B), and Turkey ($25.3B).

In 2022, countries that imported more from Iraq than Russia included Austria ($525M), Jordan ($199M), and Oman ($499M).

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

Comparative Advantage Russia - Iraq

Flow
Scale

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

During 2021, Russia had a large net trade with Iraq in the exports of .

During 2016, Iraq had a large net trade with Russia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Iraq+$13.2kRefined Petroleum
Top Product Potential Iraq Russia+$9.1kRefined 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 Russia and Iraq. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Russia.

Product Space of Russia (Flag) and Iraq (Flag) (2021)

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