Vietnam (VNM) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Vietnam-Iraq Trade: In 2022, Vietnam exported $242M to Iraq. The main products that Vietnam exported to Iraq were Malt Extract ($94.3M), Concentrated Milk ($53.6M), and Coconuts, Brazil Nuts, and Cashews ($42.7M). Over the past 8 years the exports of Vietnam to Iraq have increased at an annualized rate of 30%, from $29.8M in 2014 to $242M in 2022.

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

Iraq-Vietnam In N/A, Iraq did not export any products to Vietnam.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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, Vietnam exported $242M to Iraq. The main products exported from Vietnam to Iraq were Malt Extract ($94.3M), Concentrated Milk ($53.6M), and Coconuts, Brazil Nuts, and Cashews ($42.7M). During the last 8 years the exports of Vietnam to Iraq have increased at an annualized rate of 30%, from $29.8M in 2014 to $242M in 2022.

Iraq does not register exports to Vietnam. The main products exported from Iraq to Vietnam were Petroleum Coke ($19.3M).

Exports from Vietnam () to Iraq () (2022)

Exports from Iraq () to Vietnam () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Vietnam than Iraq included United States ($117B), Japan ($25B), and China ($58.7B).

In 2022, countries that imported more from Iraq than Vietnam included India ($38.8B), Greece ($6.27B), and Serbia ($1.21B).

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

Comparative Advantage Vietnam - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Iraq in the exports of Foodstuffs ($96.1M), Animal Products ($59.3M), and Vegetable Products ($54.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Iraq+$6.23MRubber Tires

Top Product Potential Iraq Vietnam+$4.1MPetroleum 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 Vietnam and Iraq. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Vietnam.

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Iraq () (2022)

Exports from Iraq () to Vietnam () (2022)

Market Competitiveness

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

Comparative Advantage Vietnam - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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