Colombia (COL) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Colombia-Iraq Trade: In 2022, Colombia exported $8.2M to Iraq. The main products that Colombia exported to Iraq were Liquid Pumps ($3.6M), Bovine ($2.71M), and Packaged Medicaments ($1.17M). Over the past 5 years the exports of Colombia to Iraq have decreased at an annualized rate of 15.8%, from $19.4M in 2017 to $8.2M in 2022.

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

Iraq-Colombia Trade: In 2022, Iraq exported $10.3k to Colombia. The main products that Iraq exported to Colombia were Motor vehicles; parts and accessories (8701 to 8705) ($6.24k), Other Electrical Machinery ($3.29k), and Microphones and Headphones ($736). Over the past 5 years the exports of Iraq to Colombia have decreased at an annualized rate of 20.1%, from $31.6k in 2017 to $10.3k in 2022.

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

Comparison: In 2022, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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, Colombia exported $8.2M to Iraq. The main products exported from Colombia to Iraq were Liquid Pumps ($3.6M), Bovine ($2.71M), and Packaged Medicaments ($1.17M). During the last 5 years the exports of Colombia to Iraq have decreased at an annualized rate of 15.8%, from $19.4M in 2017 to $8.2M in 2022.

In 2017, Iraq exported $10.3k to Colombia. The main products exported from Iraq to Colombia were Motor vehicles; parts and accessories (8701 to 8705) ($6.24k), Other Electrical Machinery ($3.29k), and Microphones and Headphones ($736). During the last 5 years the exports of Iraq to Colombia have decreased at an annualized rate of 20.1%, from $31.6k in 2022 to $10.3k in 2017.

Exports from Colombia () to Iraq () (2022)

Exports from Iraq () to Colombia () (2022)

Latest Data

Trade between Colombia () and Iraq ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$15.6B

Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Colombia than Iraq included Panama ($5.84B), United States ($15.6B), and Brazil ($2.39B).

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

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

Comparative Advantage Colombia - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Colombia had a large net trade with Iraq in the exports of Machines ($3.9M), Animal Products ($2.71M), and Chemical Products ($1.17M).

During 2017, Iraq had a large net trade with Colombia in the exports of Transportation ($6.24k) and Machines ($4.03k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Iraq+$1.76MPackaged Medicaments

Top Product Potential Iraq Colombia+$13.1kMotor vehicles; parts and accessories (8701 to 8705)

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Iraq () (2022)

Exports from Iraq () to Colombia () (2022)

Latest Data

Trade between Colombia () and Iraq ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Colombia - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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