2023
Exports
$10.3BWorld Rnk 22 / 214
Flag Rnk 2 / 672
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$6.07BWorld Rnk 40 / 226
Flag Rnk 1 / 1135
2023
ECONOMIC COMPLEXITY of Iraq
-0.71Rnk 97 / 132

About

Exports In 2023, Iraq exported $10.3B in Refined Petroleum, making it the 22nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Iraq. The main destination of Refined Petroleum exports from Iraq are: United Arab Emirates ($4.13B), United States ($2.9B), Turkey ($704M), India ($601M), and Greece ($500M).

The fastest growing export markets for Refined Petroleum of Iraq between 2022 and 2023 were United Arab Emirates ($1.64B), United States ($450M), and Italy ($390M).

Imports In 2023, Iraq imported $6.07B in Refined Petroleum, becoming the 40th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Iraq. Iraq imports Refined Petroleum primarily from: United Arab Emirates ($3.96B), India ($1.16B), Malaysia ($223M), China ($131M), and Chinese Taipei ($89.7M).

The fastest growing import markets in Refined Petroleum for Iraq between 2022 and 2023 were India ($427M), Greece ($81.8M), and Italy ($33.5M).

Latest Trends

Dec 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 Refined Petroleum. 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)$10.3B
IMPORTS (2023)$6.07B
NET TRADE (2023)$4.2B

In 2023, Iraq exported $10.3B in Refined Petroleum. The main destinations of Iraq exports on Refined Petroleum were United Arab Emirates ($4.13B), United States ($2.9B), Turkey ($704M), India ($601M), and Greece ($500M).

In 2023, Iraq imported $6.07B in Refined Petroleum, mainly from United Arab Emirates ($3.96B), India ($1.16B), Malaysia ($223M), China ($131M), and Chinese Taipei ($89.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Iraq WERE (2022 - 2023):
United Arab Emirates$1.64B (66.1%)
United States$450M (18.4%)
Italy$390M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Iraq WERE (2022 - 2023):
South Korea-$950M (-100%)
India-$839M (-58.3%)
Chinese Taipei-$426M (-85.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.4B
TOP IMPORT POTENTIALIndia+ $429M

Refined Petroleum’s highest export potential is United States. With an export gap of $1.4B.   Refined Petroleum’s highest import potential is India with an import gap of $429M.

See methodology.

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