Thailand (THA) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Thailand-Iraq Trade: In 2023, Thailand exported $901M to Iraq. The main products that Thailand exported to Iraq were Rice ($419M), Cars ($250M), and Refrigerators ($36.4M). Over the past 5 years the exports of Thailand to Iraq have increased at an annualized rate of 37.6%, from $183M in 2018 to $901M in 2023.

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

Iraq-Thailand Trade: In 2023, Iraq exported $104k to Thailand. The main products that Iraq exported to Thailand were Revenue Stamps ($52.6k), Precious Stones ($16.9k), and Petroleum Coke ($12.8k). Over the past 5 years the exports of Iraq to Thailand have decreased at an annualized rate of 69.8%, from $41.3M in 2018 to $104k in 2023.

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

Comparison: In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Thailand exported $901M to Iraq. The main products exported from Thailand to Iraq were Rice ($419M), Cars ($250M), and Refrigerators ($36.4M). During the last 5 years the exports of Thailand to Iraq have increased at an annualized rate of 37.6%, from $183M in 2018 to $901M in 2023.

In 2018, Iraq exported $104k to Thailand. The main products exported from Iraq to Thailand were Revenue Stamps ($52.6k), Precious Stones ($16.9k), and Petroleum Coke ($12.8k). During the last 5 years the exports of Iraq to Thailand have decreased at an annualized rate of 69.8%, from $41.3M in 2023 to $104k in 2018.

Exports from Thailand () to Iraq () (2023)

Exports from Iraq () to Thailand () (2023)

Latest Data

Trade between Thailand () and Iraq ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Thailand than Iraq included United States ($58.5B), Japan ($24.9B), and Australia ($13.5B).

In 2023, countries that imported more from Iraq than Thailand included India ($29.8B), Greece ($5.68B), and Italy ($4.12B).

Difference in imports from Iraq () and Thailand () (2023)

Comparative Advantage Thailand - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Iraq in the exports of Vegetable Products ($420M), Transportation ($269M), and Machines ($114M).

During 2018, Iraq had a large net trade with Thailand in the exports of Arts and Antiques ($52.6k), Precious Metals ($21.4k), and Mineral Products ($12.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Iraq+$20.5MCars

Top Product Potential Iraq Thailand+$970kPetroleum Coke

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Iraq () (2023)

Exports from Iraq () to Thailand () (2023)

Latest Data

Trade between Thailand () and Iraq ()

Thailand Exports

Market Competitiveness

Difference in imports from Iraq () and Thailand () (2023)

Comparative Advantage Thailand - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Iraq () (2023)

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