2022
Exports
$7.68MWorld Rnk 120 / 226
Flag Rnk 13 / 21
2022
PRODUCT COMPLEXITY IN Instruments
2.12Rnk 3 / 1025
2022
Imports
$993MWorld Rnk 59 / 226
Flag Rnk 16 / 21
2022
ECONOMIC COMPLEXITY of Iraq
-0.84Rnk 103 / 133

About

Exports In 2022, Iraq exported $7.68M in Instruments, making it the 120th 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: Netherlands ($2.89M), Hong Kong ($2.53M), Oman ($620k), Italy ($234k), and Germany ($202k).

The fastest growing export markets for Instruments of Iraq between 2021 and 2022 were Netherlands ($1.56M), Oman ($596k), and United Kingdom ($130k).

Imports In 2022, Iraq imported $993M in Instruments, becoming the 59th largest importer of Instruments in the world. At the same year, Instruments was the 16th most imported product in Iraq. Iraq imports Instruments primarily from: United Arab Emirates ($238M), China ($168M), Germany ($96.4M), United States ($93.9M), and Netherlands ($63.6M).

The fastest growing import markets in Instruments for Iraq between 2021 and 2022 were United Arab Emirates ($91.8M), Netherlands ($17.6M), and Turkey ($13.9M).

Latest Trends

Sep 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 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 (2022)$7.68M
IMPORTS (2022)$993M
NET TRADE (2022)-$985M

In 2022, Iraq exported $7.68M in Instruments. The main destinations of Iraq exports on Instruments were Netherlands ($2.89M), Hong Kong ($2.53M), Oman ($620k), Italy ($234k), and Germany ($202k).

In 2022, Iraq imported $993M in Instruments, mainly from United Arab Emirates ($238M), China ($168M), Germany ($96.4M), United States ($93.9M), and Netherlands ($63.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Instruments EXPORT MARKETS FOR Iraq WERE (2021 - 2022):
Netherlands$1.56M (118%)
Oman$596k (2.41k%)
United Kingdom$130k (796%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments BY Iraq WERE (2021 - 2022):
Iran-$512k (-100%)
Germany-$382k (-65.4%)
United States-$324k (-69.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iraq's main exporting competitors in Instruments were:
In 2022, 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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