2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 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

India-Iraq Trade: In 2022, India exported $2.45B to Iraq. The main products that India exported to Iraq were Refined Petroleum ($728M), Rice ($354M), and Raw Sugar ($249M). Over the past 5 years the exports of India to Iraq have increased at an annualized rate of 14.5%, from $1.25B in 2017 to $2.45B in 2022.

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

Iraq-India Trade: In 2022, Iraq exported $38.8B to India. The main products that Iraq exported to India were Crude Petroleum ($37.1B), Refined Petroleum ($1.44B), and Petroleum Coke ($99.3M). Over the past 5 years the exports of Iraq to India have increased at an annualized rate of 20.4%,  from $15.3B in 2017 to $38.8B in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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 2022, India exported $2.45B to Iraq. The main products exported from India to Iraq were Refined Petroleum ($728M), Rice ($354M), and Raw Sugar ($249M). During the last 5 years the exports of India to Iraq have increased at an annualized rate of 14.5%, from $1.25B in 2017 to $2.45B in 2022.

In 2017, Iraq exported $38.8B to India. The main products exported from Iraq to India were Crude Petroleum ($37.1B), Refined Petroleum ($1.44B), and Petroleum Coke ($99.3M). During the last 5 years the exports of Iraq to India have increased at an annualized rate of 20.4%, from $15.3B in 2022 to $38.8B in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Iraq
Top Destination
India$38.8B

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

In 2022, countries that imported more from India than Iraq included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Iraq than India included China ($34B), Greece ($6.27B), and Serbia ($1.21B).

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

Comparative Advantage India - Iraq

Flow
Scale

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

During 2022, India had a large net trade with Iraq in the exports of Mineral Products ($730M), Vegetable Products ($459M), and Foodstuffs ($277M).

During 2017, Iraq had a large net trade with India in the exports of Mineral Products ($38.6B), Vegetable Products ($77M), and Animal and Vegetable Bi-Products ($60M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Iraq+$429MRefined Petroleum
Top Product Potential Iraq India+$907MRefined 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 India and Iraq. This means that a dot/product with the flag of India indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over India.

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

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