Iraq (IRQ) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

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Iraq-Sri Lanka Trade: In 2022, Iraq exported $23.3M to Sri Lanka. The main products that Iraq exported to Sri Lanka were Petroleum Gas ($23M), Tropical Fruits ($281k), and Computers ($162). Over the past 6 years the exports of Iraq to Sri Lanka have increased at an annualized rate of 87.7%, from $532k in 2016 to $23.3M in 2022.

In 2022, Iraq did not export any services to Sri Lanka.

Sri Lanka-Iraq Trade: In 2022, Sri Lanka exported $164M to Iraq. The main products that Sri Lanka exported to Iraq were Tea ($153M), Coconuts, Brazil Nuts, and Cashews ($7.83M), and Other Vegetable Residues ($546k). Over the past 6 years the exports of Sri Lanka to Iraq have increased at an annualized rate of 2.27%, from $147M in 2016 to $164M in 2022.

In 2022, Sri Lanka did not export any services to Iraq.

Comparison: In 2022, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $23.3M to Sri Lanka. The main products exported from Iraq to Sri Lanka were Petroleum Gas ($23M), Tropical Fruits ($281k), and Computers ($162). During the last 6 years the exports of Iraq to Sri Lanka have increased at an annualized rate of 87.7%, from $532k in 2016 to $23.3M in 2022.

In 2017, Sri Lanka exported $164M to Iraq. The main products exported from Sri Lanka to Iraq were Tea ($153M), Coconuts, Brazil Nuts, and Cashews ($7.83M), and Other Vegetable Residues ($546k). During the last 5 years the exports of Sri Lanka to Iraq have increased at an annualized rate of 2.27%, from $147M in 2022 to $164M in 2017.

Exports from Iraq () to Sri Lanka () (2022)

Exports from Sri Lanka () to Iraq () (2022)

Latest Data

Trade between Iraq () and Sri Lanka ()

Sri Lanka Exports

Date

Feb 2012

Jan 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Sri Lanka
Top DestinationUnited States$3.52B

This map shows whether countries import more from Iraq or Sri Lanka. Each country is colored based on the difference in imports they receive from Iraq and Sri Lanka or the difference in the growth in imports.

In 2022, countries that imported more from Iraq than Sri Lanka included India ($38.8B), China ($34B), and South Korea ($8.21B).

In 2022, countries that imported more from Sri Lanka than Iraq included United Kingdom ($1.04B), Canada ($429M), and Australia ($289M).

Difference in imports from Sri Lanka () and Iraq () (2022)

Comparative Advantage Iraq - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Iraq and Sri Lanka by product, considering products traded by both, Iraq and Sri Lanka.

During 2022, Iraq had a large net trade with Sri Lanka in the exports of Mineral Products ($23M), Vegetable Products ($281k), and Machines ($191).

During 2017, Sri Lanka had a large net trade with Iraq in the exports of Vegetable Products ($161M), Foodstuffs ($1.12M), and Plastics and Rubbers ($941k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Sri Lanka+$7.76kRefined Petroleum

Top Product Potential Sri Lanka Iraq+$3.44kRubber Tires

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Iraq and Sri Lanka. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Sri Lanka. Similarly, a dot/product with the flag of Sri Lanka indicates it has a comparative advantage over Iraq.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Sri Lanka () (2022)

Exports from Sri Lanka () to Iraq () (2022)

Latest Data

Trade between Iraq () and Sri Lanka ()

Sri Lanka Exports

Market Competitiveness

Difference in imports from Sri Lanka () and Iraq () (2022)

Comparative Advantage Iraq - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Sri Lanka () (2022)

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