2022
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GDP
$2.24TCURRENT US$
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2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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 GDP
$264BCURRENT US$
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2012-2022
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GDP GROWTH
21.2%CURRENT US$
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2022
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GDP PC 
$15,345CURRENT US$
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2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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2022
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GDP PC
$5,937CURRENT US$
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2012-2022
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GDP PC GROWTH
-7.77%CURRENT US$
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About

Russia-Iraq Trade: In 2021, Russia exported $283M to Iraq. The main products that Russia exported to Iraq were N/A. Over the past 5 years the exports of Russia to Iraq have increased at an annualized rate of 1.02%, from $269M in 2016 to $283M in 2021.

In 2017, Russia exported services to Iraq worth $21.6M, with Other business services ($20.5M), Insurance services ($500k), and Transportation ($400k) being the largest in terms of value.

Iraq-Russia Trade: In 2021, Iraq exported $47.3k to Russia. The main products that Iraq exported to Russia were N/A. Over the past 5 years the exports of Iraq to Russia have increased at an annualized rate of 27.6%,  from $14k in 2016 to $47.3k in 2021.

In 2021, Iraq did not export any services to Russia.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Russia exported $283M to Iraq. There were not main exports from Russia to Iraq in 2021. During the last 5 years the exports of Russia to Iraq have increased at an annualized rate of 1.02%, from $269M in 2016 to $283M in 2021.

In 2016, Iraq exported $47.3k to Russia. There were not main exports from Iraq to Russia in 2016. During the last 5 years the exports of Iraq to Russia have increased at an annualized rate of 27.6%, from $14k in 2021 to $47.3k in 2016.

Exports from Russia (Flag) to Iraq (Flag) (2021)

Exports from Iraq (Flag) to Russia (Flag) (2021)

Market Competitiveness

Color
Russia
Top Destination
China$101B
Iraq
Top Destination
India$38.8B

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

In 2022, countries that imported more from Russia than Iraq included China ($101B), Germany ($27.7B), and Turkey ($25.3B).

In 2022, countries that imported more from Iraq than Russia included Austria ($525M), Jordan ($199M), and Oman ($499M).

Difference in imports from Iraq (Flag) and Russia (Flag) (2022)

Comparative Advantage Russia - Iraq

Flow
Scale

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

During 2021, Russia had a large net trade with Iraq in the exports of .

During 2016, Iraq had a large net trade with Russia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Iraq+$13.2kRefined Petroleum
Top Product Potential Iraq Russia+$9.1kRefined Petroleum

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

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

Product Space of Russia (Flag) and Iraq (Flag) (2021)

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