2021
Exports
$41.7MWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2021
Imports
$164MWorld Rnk 29 / 215
Flag Rnk 84 / 1145
2022
ECONOMIC COMPLEXITY of Iraq
-0.84Rnk 103 / 133

About

Imports In 2022, Iraq imported $164M in Soybean Oil, becoming the 29th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 84th most imported product in Iraq. Iraq imports Soybean Oil primarily from: Argentina ($87.8M), Brazil ($48.9M), Turkey ($26.1M), United Arab Emirates ($596k), and Canada ($165k).

The fastest growing import markets in Soybean Oil for Iraq between 2021 and 2022 were Argentina ($52.2M), Brazil ($48.9M), and Turkey ($2.62M).

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 Soybean 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 (2021)$41.7M
IMPORTS (2022)$164M
NET TRADE (2022)-$164M

In 2022, Iraq imported $164M in Soybean Oil, mainly from Argentina ($87.8M), Brazil ($48.9M), Turkey ($26.1M), United Arab Emirates ($596k), and Canada ($165k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Iraq WERE (N/A - 2021):Iran-$41.7M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iraq's main exporting competitors in Soybean Oil were:
In 2022, Iraq's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $809
TOP IMPORT POTENTIALUnited Arab Emirates+ $304k

Soybean Oil’s highest export potential is India. With an export gap of $809.   Soybean Oil’s highest import potential is United Arab Emirates with an import gap of $304k.

See methodology.

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