2022
Exports
$6.22MWorld Rnk 73 / 151
Flag Rnk 30 / 642
falsefalse Oman
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2022
Imports
$190MWorld Rnk 62 / 214
Flag Rnk 71 / 1145
2022
ECONOMIC COMPLEXITY of Iraq
-0.84Rnk 103 / 133

About

Exports In 2022, Iraq exported $6.22M in Hot-Rolled Iron, making it the 73rd largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 30th most exported product in Iraq. The main destination of Hot-Rolled Iron exports from Iraq are: Oman ($6.21M) and United Arab Emirates ($5.36k).

Imports In 2022, Iraq imported $190M in Hot-Rolled Iron, becoming the 62nd largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 71st most imported product in Iraq. Iraq imports Hot-Rolled Iron primarily from: Turkey ($100M), China ($42.2M), Ukraine ($30.5M), United Arab Emirates ($13.7M), and India ($3.13M).

The fastest growing import markets in Hot-Rolled Iron for Iraq between 2021 and 2022 were Turkey ($49.3M), China ($37.9M), and India ($3.13M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hot-Rolled Iron. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.22M
IMPORTS (2022)$190M
NET TRADE (2022)-$184M

In 2022, Iraq exported $6.22M in Hot-Rolled Iron. The main destinations of Iraq exports on Hot-Rolled Iron were Oman ($6.21M) and United Arab Emirates ($5.36k).

In 2022, Iraq imported $190M in Hot-Rolled Iron, mainly from Turkey ($100M), China ($42.2M), Ukraine ($30.5M), United Arab Emirates ($13.7M), and India ($3.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Iraq WERE (2021 - 2022):
Oman-$64.5M (-91.2%)
Iran-$26.1k (-100%)
United Arab Emirates-$6.43k (-54.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iraq's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, Iraq's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $46.5k
TOP IMPORT POTENTIALChina+ $16.7M

Hot-Rolled Iron’s highest export potential is United Arab Emirates. With an export gap of $46.5k.   Hot-Rolled Iron’s highest import potential is China with an import gap of $16.7M.

See methodology.

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