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2022
Flag → Flag
Exports $182MRnk 90 / 218
2022
Flag → Flag
Top Product $30.1MPackaged Medicaments
2022
Flag → Flag
Exports $3.08BRnk 9 / 101
2022
Flag → Flag
Top Product $3.02BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
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GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH-7.77%CURRENT US$
Rnk 158 / 186

About

Spain-Iraq Trade: In 2022, Spain exported $182M to Iraq. The main products that Spain exported to Iraq were Packaged Medicaments ($30.1M), Unglazed Ceramics ($23M), and Olive Oil ($8.5M). Over the past 5 years the exports of Spain to Iraq have decreased at an annualized rate of 3.03%, from $212M in 2017 to $182M in 2022.

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

Iraq-Spain Trade: In 2022, Iraq exported $3.08B to Spain. The main products that Iraq exported to Spain were Crude Petroleum ($3.02B), Refined Petroleum ($53.4M), and Stearic Acid ($1.14M). Over the past 5 years the exports of Iraq to Spain have increased at an annualized rate of 19.2%,  from $1.28B in 2017 to $3.08B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €17.5M and imported €283k from Iraq, resulting in a positive trade balance of €17.2M. Between June 2023 and June 2024 the exports of Spain have increased by €3.8M (27.8%) from €13.7M to €17.5M, while imports decreased by €-63.9M (-99.6%) from €64.2M to €283k.

Trade In June 2024, the top exports of Spain to Iraq were Olive Oil (€1.08M), Other Iron Products (€1.06M), Unglazed Ceramics (€903k), Packaged Medicaments (€417k), and Malt Extract (€409k). In June 2024 the top imports of Spain from Iraq were Crude Petroleum (€62.1M), Industrial Fatty Acids, Oils and Alcohols (€261k), Aircraft parts including unmanned craft (€3.92k), Low-voltage Protection Equipment (€2.12k), and Clays (€250).

Origins In June 2024 the exports of Spain were mainly from Barcelona (€6.22M), Madrid (€3.09M), Castellón (€1.06M), Valencia (€1M), and Alicante (€904k), while imports destinations were mainly Valencia (€193k), Huelva (€89.3k), and Zaragoza (€105).

Growth In June 2024, the increase in Spain's year-by-year exports to Iraq was explained primarily by an increase in product exports in Other Iron Products (€1.05M or 56.4k%), Olive Oil (€835k or 342%), and Orthopedic Appliances (€153k or 12.1k%). In June 2024, the decrease in Spain's year-by-year imports  from Iraq was explained primarily by an decrease in product imports  in Crude Petroleum (€-86.4M or -58.2%) and Nucleic Acids (€-67.7 or -57%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€3.8M(27.8%)
IMPORT GROWTH (June 2023 - June 2024)€-63.9M(-99.6%)
MAIN EXPORTER (June 2024)Barcelona€6.22M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Iraq and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $182M to Iraq. The main products exported from Spain to Iraq were Packaged Medicaments ($30.1M), Unglazed Ceramics ($23M), and Olive Oil ($8.5M). During the last 5 years the exports of Spain to Iraq have decreased at an annualized rate of 3.03%, from $212M in 2017 to $182M in 2022.

In 2017, Iraq exported $3.08B to Spain. The main products exported from Iraq to Spain were Crude Petroleum ($3.02B), Refined Petroleum ($53.4M), and Stearic Acid ($1.14M). During the last 5 years the exports of Iraq to Spain have increased at an annualized rate of 19.2%, from $1.28B in 2022 to $3.08B in 2017.

Exports from Spain (Flag) to Iraq (Flag) (2022)

Exports from Iraq (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Spain than Iraq included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Iraq

Flow
Scale

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

During 2022, Spain had a large net trade with Iraq in the exports of Chemical Products ($47.8M), Machines ($36.7M), and Stone And Glass ($25.6M).

During 2017, Iraq had a large net trade with Spain in the exports of Mineral Products ($3.07B), Animal and Vegetable Bi-Products ($1.14M), and Foodstuffs ($928k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Iraq+$22.6MPackaged Medicaments
Top Product Potential Iraq Spain+$745MCrude 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 Spain and Iraq. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Iraq (Flag) (2022)

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