2022
Exports
$165MWorld Rnk 95 / 223
Flag Rnk 3 / 91
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$990MWorld Rnk 75 / 225
Flag Rnk 14 / 96
2022
ECONOMIC COMPLEXITY of Iraq
-0.84Rnk 103 / 133

About

Exports In 2022, Iraq exported $165M in Iron & steel, making it the 95th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 3rd most exported product in Iraq. The main destination of Iron & steel exports from Iraq are: Oman ($146M), United Arab Emirates ($15.9M), Jordan ($2.1M), Turkey ($733k), and Qatar ($118k).

The fastest growing export markets for Iron & steel of Iraq between 2021 and 2022 were Jordan ($2.1M), Turkey ($706k), and Qatar ($118k).

Imports In 2022, Iraq imported $990M in Iron & steel, becoming the 75th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 14th most imported product in Iraq. Iraq imports Iron & steel primarily from: China ($441M), Turkey ($419M), United Arab Emirates ($56M), Ukraine ($40.9M), and India ($19.5M).

The fastest growing import markets in Iron & steel for Iraq between 2021 and 2022 were China ($170M), Turkey ($94.3M), and United Arab Emirates ($23.2M).

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 Iron & steel. 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)$165M
IMPORTS (2022)$990M
NET TRADE (2022)-$825M

In 2022, Iraq exported $165M in Iron & steel. The main destinations of Iraq exports on Iron & steel were Oman ($146M), United Arab Emirates ($15.9M), Jordan ($2.1M), Turkey ($733k), and Qatar ($118k).

In 2022, Iraq imported $990M in Iron & steel, mainly from China ($441M), Turkey ($419M), United Arab Emirates ($56M), Ukraine ($40.9M), and India ($19.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Iraq WERE (2021 - 2022):
Jordan$2.1M (1%)
Turkey$706k (2.58k%)
Qatar$118k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Iraq WERE (2021 - 2022):
Oman-$28.4M (-16.2%)
United Arab Emirates-$5.22M (-24.7%)
Burma-$331k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iraq's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Iraq's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $3.85M
TOP IMPORT POTENTIALChina+ $19.8M

Iron & steel’s highest export potential is United Arab Emirates. With an export gap of $3.85M.   Iron & steel’s highest import potential is China with an import gap of $19.8M.

See methodology.

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