Iraq (IRQ) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Iraq-Serbia Trade: In 2022, Iraq exported $1.21B to Serbia. The main products that Iraq exported to Serbia were Crude Petroleum ($1.21B) and Refined Petroleum ($31.6k). Over the past 5 years the exports of Iraq to Serbia have increased at an annualized rate of 20.1%, from $484M in 2017 to $1.21B in 2022.

In 2022, Iraq did not export any services to Serbia.

Serbia-Iraq Trade: In 2022, Serbia exported $12.7M to Iraq. The main products that Serbia exported to Iraq were Packaged Medicaments ($3.53M), Corn ($2.3M), and Plastic Pipes ($1.64M). Over the past 5 years the exports of Serbia to Iraq have increased at an annualized rate of 16.9%, from $5.8M in 2017 to $12.7M in 2022.

In 2009, Serbia exported services to Iraq worth $3.24M, with Other business services ($2.8M), Compensation of employees ($141k), and Personal, cultural, and recreational services ($133k) being the largest in terms of value.

Comparison: In 2022, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $1.21B to Serbia. The main products exported from Iraq to Serbia were Crude Petroleum ($1.21B) and Refined Petroleum ($31.6k). During the last 5 years the exports of Iraq to Serbia have increased at an annualized rate of 20.1%, from $484M in 2017 to $1.21B in 2022.

In 2017, Serbia exported $12.7M to Iraq. The main products exported from Serbia to Iraq were Packaged Medicaments ($3.53M), Corn ($2.3M), and Plastic Pipes ($1.64M). During the last 5 years the exports of Serbia to Iraq have increased at an annualized rate of 16.9%, from $5.8M in 2022 to $12.7M in 2017.

Exports from Iraq () to Serbia () (2022)

Exports from Serbia () to Iraq () (2022)

Latest Data

Trade between Iraq () and Serbia ()

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Iraq than Serbia included India ($38.8B), China ($34B), and United States ($10.3B).

In 2022, countries that imported more from Serbia than Iraq included Bosnia and Herzegovina ($2.14B), Germany ($4B), and Hungary ($1.69B).

Difference in imports from Serbia () and Iraq () (2022)

Comparative Advantage Iraq - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Serbia in the exports of Mineral Products ($1.21B).

During 2017, Serbia had a large net trade with Iraq in the exports of Chemical Products ($3.88M), Plastics and Rubbers ($3.19M), and Vegetable Products ($2.36M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Serbia+$507kRefined Petroleum

Top Product Potential Serbia Iraq+$2.78MPackaged Medicaments

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 Serbia. This means that a dot/product with the flag of Iraq indicates it has a comparative advantage over Serbia. Similarly, a dot/product with the flag of Serbia indicates it has a comparative advantage over Iraq.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Serbia () (2022)

Exports from Serbia () to Iraq () (2022)

Latest Data

Trade between Iraq () and Serbia ()

Serbia Exports

Market Competitiveness

Difference in imports from Serbia () and Iraq () (2022)

Comparative Advantage Iraq - Serbia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iraq () and Serbia () (2022)

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