2022
Exports
$13World Rnk 148 / 149
Flag Rnk 624 / 642
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$166MWorld Rnk 53 / 208
Flag Rnk 83 / 1145
2022
ECONOMIC COMPLEXITY of Iraq
-0.84Rnk 103 / 133

About

Exports In 2022, Iraq exported $13 in Palm Oil, making it the 148th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 624th most exported product in Iraq. The main destination of Palm Oil exports from Iraq are: Singapore ($13).

The fastest growing export markets for Palm Oil of Iraq between 2021 and 2022 were Singapore ($13).

Imports In 2022, Iraq imported $166M in Palm Oil, becoming the 53rd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 83rd most imported product in Iraq. Iraq imports Palm Oil primarily from: Indonesia ($107M), Malaysia ($44.8M), Turkey ($12.8M), United Arab Emirates ($1.49M), and Italy ($42k).

The fastest growing import markets in Palm Oil for Iraq between 2021 and 2022 were Malaysia ($34.5M), Indonesia ($11M), and United Arab Emirates ($1.25M).

COMPANIES In 2023, leading companies such as Chevron (2) were at the forefront of shipping Palm Oil from Iraq to the United States.

Latest Trends

Oct 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 Palm Oil. 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)$13
IMPORTS (2022)$166M
NET TRADE (2022)-$166M

In 2022, Iraq exported $13 in Palm Oil. The main destinations of Iraq exports on Palm Oil were Singapore ($13).

In 2022, Iraq imported $166M in Palm Oil, mainly from Indonesia ($107M), Malaysia ($44.8M), Turkey ($12.8M), United Arab Emirates ($1.49M), and Italy ($42k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Iraq WERE (2021 - 2022):Singapore$13 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Iraq WERE (2021 - 2022):France-$212 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iraq's main exporting competitors in Palm Oil were:
In 2022, Iraq's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.03k
TOP IMPORT POTENTIALIndonesia+ $12M

Palm Oil’s highest export potential is India. With an export gap of $1.03k.   Palm Oil’s highest import potential is Indonesia with an import gap of $12M.

See methodology.

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