Austria (AUT) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Austria-Iraq Trade: In 2022, Austria exported $100M to Iraq. The main products that Austria exported to Iraq were Cheese ($13M), Centrifuges ($8.1M), and Rubber Apparel ($7.14M). Over the past 5 years the exports of Austria to Iraq have increased at an annualized rate of 1.36%, from $93.6M in 2017 to $100M in 2022.

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

Iraq-Austria Trade: In 2022, Iraq exported $525M to Austria. The main products that Iraq exported to Austria were Crude Petroleum ($525M), Orthopedic Appliances ($53.4k), and Chemical Analysis Instruments ($32.7k). Over the past 5 years the exports of Iraq to Austria have increased at an annualized rate of 8.78%, from $345M in 2017 to $525M in 2022.

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

Comparison: In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $100M to Iraq. The main products exported from Austria to Iraq were Cheese ($13M), Centrifuges ($8.1M), and Rubber Apparel ($7.14M). During the last 5 years the exports of Austria to Iraq have increased at an annualized rate of 1.36%, from $93.6M in 2017 to $100M in 2022.

In 2017, Iraq exported $525M to Austria. The main products exported from Iraq to Austria were Crude Petroleum ($525M), Orthopedic Appliances ($53.4k), and Chemical Analysis Instruments ($32.7k). During the last 5 years the exports of Iraq to Austria have increased at an annualized rate of 8.78%, from $345M in 2022 to $525M in 2017.

Exports from Austria () to Iraq () (2022)

Exports from Iraq () to Austria () (2022)

Latest Data

Trade between Austria () and Iraq ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Austria than Iraq included Germany ($57.7B), Switzerland ($11.2B), and Hungary ($10.4B).

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

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

Comparative Advantage Austria - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Austria had a large net trade with Iraq in the exports of Machines ($18.6M), Chemical Products ($13.7M), and Animal Products ($13M).

During 2017, Iraq had a large net trade with Austria in the exports of Mineral Products ($525M), Instruments ($88.6k), and Machines ($27.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Iraq+$12.9MCars

Top Product Potential Iraq Austria+$148MCrude 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Iraq () (2022)

Exports from Iraq () to Austria () (2022)

Latest Data

Trade between Austria () and Iraq ()

Austria Exports

Market Competitiveness

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

Comparative Advantage Austria - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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