2023
Exports
$8.54MWorld Rnk 121 / 226
Flag Rnk 13 / 21
2023
PRODUCT COMPLEXITY IN Instruments
1.85Rnk 9 / 1025
2023
Imports
$1.04BWorld Rnk 60 / 226
Flag Rnk 15 / 21
2023
ECONOMIC COMPLEXITY of Iraq
-0.71Rnk 97 / 132

About

Exports In 2023, Iraq exported $8.54M in Instruments, making it the 121st largest exporter of Instruments in the world. At the same year, Instruments was the 13th most exported product in Iraq. The main destination of Instruments exports from Iraq are: Hong Kong ($2.51M), Netherlands ($2.27M), Turkey ($2.07M), Italy ($465k), and United States ($319k).

The fastest growing export markets for Instruments of Iraq between 2022 and 2023 were Turkey ($1.92M), Italy ($231k), and United States ($175k).

Imports In 2023, Iraq imported $1.04B in Instruments, becoming the 60th largest importer of Instruments in the world. At the same year, Instruments was the 15th most imported product in Iraq. Iraq imports Instruments primarily from: United Arab Emirates ($251M), China ($213M), Germany ($112M), United States ($86M), and Netherlands ($79.4M).

The fastest growing import markets in Instruments for Iraq between 2022 and 2023 were China ($45.1M), Netherlands ($15.8M), and Germany ($15.8M).

Latest Trends

Jan 2025

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 Instruments. 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 (2023)$8.54M
IMPORTS (2023)$1.04B
NET TRADE (2023)-$1.04B

In 2023, Iraq exported $8.54M in Instruments. The main destinations of Iraq exports on Instruments were Hong Kong ($2.51M), Netherlands ($2.27M), Turkey ($2.07M), Italy ($465k), and United States ($319k).

In 2023, Iraq imported $1.04B in Instruments, mainly from United Arab Emirates ($251M), China ($213M), Germany ($112M), United States ($86M), and Netherlands ($79.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Instruments EXPORT MARKETS FOR Iraq WERE (2022 - 2023):
Turkey$1.92M (1.33k%)
Italy$231k (99%)
United States$175k (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments BY Iraq WERE (2022 - 2023):
Netherlands-$619k (-21.4%)
Oman-$618k (-99.6%)
Iran-$434k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iraq's main exporting competitors in Instruments were:
In 2023, Iraq's main importing competitors in Instruments were:

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Trade Value of Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $1.06M
TOP IMPORT POTENTIALChina+ $75.6M

Instruments’s highest export potential is Netherlands. With an export gap of $1.06M.   Instruments’s highest import potential is China with an import gap of $75.6M.

See methodology.

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