2022
Exports
$26.5kWorld Rnk 93 / 160
Flag Rnk 283 / 642
2022
PRODUCT COMPLEXITY IN Metalworking Machines
1.92Rnk 9 / 1025
2022
Imports
$3.49MWorld Rnk 57 / 212
Flag Rnk 578 / 1145
2022
ECONOMIC COMPLEXITY of Iraq
-0.84Rnk 103 / 133

About

Exports In 2022, Iraq exported $26.5k in Metalworking Machines, making it the 93rd largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 283rd most exported product in Iraq. The main destination of Metalworking Machines exports from Iraq are: Canada ($26.5k).

The fastest growing export markets for Metalworking Machines of Iraq between 2021 and 2022 were Canada ($26.5k).

Imports In 2022, Iraq imported $3.49M in Metalworking Machines, becoming the 57th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 578th most imported product in Iraq. Iraq imports Metalworking Machines primarily from: Turkey ($1.23M), China ($1.07M), United States ($371k), United Arab Emirates ($305k), and Italy ($243k).

The fastest growing import markets in Metalworking Machines for Iraq between 2021 and 2022 were United States ($270k), France ($91.7k), and Germany ($64.2k).

Latest Trends

Jul 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 Metalworking Machines. 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 (2022)$26.5k
IMPORTS (2022)$3.49M
NET TRADE (2022)-$3.47M

In 2022, Iraq exported $26.5k in Metalworking Machines. The main destinations of Iraq exports on Metalworking Machines were Canada ($26.5k).

In 2022, Iraq imported $3.49M in Metalworking Machines, mainly from Turkey ($1.23M), China ($1.07M), United States ($371k), United Arab Emirates ($305k), and Italy ($243k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Iraq WERE (2021 - 2022):Canada$26.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Iraq WERE (2021 - 2022):
Iran-$7.59k (-100%)
Germany-$1.91k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iraq's main exporting competitors in Metalworking Machines were:
In 2022, Iraq's main importing competitors in Metalworking Machines were:

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALCanada+ $5.23k
TOP IMPORT POTENTIALChina+ $384k

Metalworking Machines’s highest export potential is Canada. With an export gap of $5.23k.   Metalworking Machines’s highest import potential is China with an import gap of $384k.

See methodology.

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