Turkey (TUR) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Turkey-Iraq Trade: In 2023, Turkey exported $12.8B to Iraq. The main products that Turkey exported to Iraq were Jewellery ($1.35B), Wheat Flours ($551M), and Poultry Meat ($520M). Over the past 5 years the exports of Turkey to Iraq have increased at an annualized rate of 6.21%, from $9.43B in 2018 to $12.8B in 2023.

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

Iraq-Turkey Trade: In 2023, Iraq exported $1.5B to Turkey. The main products that Iraq exported to Turkey were Refined Petroleum ($704M), Petroleum Coke ($428M), and Gold ($148M). Over the past 5 years the exports of Iraq to Turkey have decreased at an annualized rate of 1.69%, from $1.63B in 2018 to $1.5B in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $12.8B to Iraq. The main products exported from Turkey to Iraq were Jewellery ($1.35B), Wheat Flours ($551M), and Poultry Meat ($520M). During the last 5 years the exports of Turkey to Iraq have increased at an annualized rate of 6.21%, from $9.43B in 2018 to $12.8B in 2023.

In 2018, Iraq exported $1.5B to Turkey. The main products exported from Iraq to Turkey were Refined Petroleum ($704M), Petroleum Coke ($428M), and Gold ($148M). During the last 5 years the exports of Iraq to Turkey have decreased at an annualized rate of 1.69%, from $1.63B in 2023 to $1.5B in 2018.

Exports from Turkey () to Iraq () (2023)

Exports from Iraq () to Turkey () (2023)

Latest Data

Trade between Turkey () and Iraq ()

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Iraq
Top DestinationChina$35.5B

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

In 2023, countries that imported more from Turkey than Iraq included Germany ($24.7B), United Kingdom ($15.1B), and Russia ($10.8B).

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

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

Comparative Advantage Turkey - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Iraq in the exports of Vegetable Products ($1.81B), Foodstuffs ($1.65B), and Precious Metals ($1.58B).

During 2018, Iraq had a large net trade with Turkey in the exports of Mineral Products ($1.13B), Precious Metals ($148M), and Metals ($106M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Iraq+$98MRefined Petroleum

Top Product Potential Iraq Turkey+$328MRefined 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 Turkey and Iraq. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Turkey.

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Iraq () (2023)

Exports from Iraq () to Turkey () (2023)

Latest Data

Trade between Turkey () and Iraq ()

Turkey Exports

Market Competitiveness

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

Comparative Advantage Turkey - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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