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

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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 6 years the exports of Iraq to Colombia have decreased at an annualized rate of 42.6%, from $289k in 2016 to $10.3k in 2022.

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

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 6 years the exports of Colombia to Iraq have decreased at an annualized rate of 6.93%, from $19.4M in 2016 to $8.2M in 2022.

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

Comparison: In 2022, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 6 years the exports of Iraq to Colombia have decreased at an annualized rate of 42.6%, from $289k in 2016 to $10.3k in 2022.

In 2017, 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 6.93%, from $19.4M in 2022 to $8.2M in 2017.

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

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

Latest Data

Trade between Iraq () and Colombia ()

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Colombia
Top DestinationUnited States$15.6B

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

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

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

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

Comparative Advantage Iraq - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Colombia in the exports of Transportation ($6.24k) and Machines ($4.03k).

During 2017, Colombia had a large net trade with Iraq in the exports of Machines ($3.9M), Animal Products ($2.71M), and Chemical Products ($1.17M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Top Product Potential Colombia Iraq+$1.76MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iraq () and Colombia ()

Colombia Exports

Market Competitiveness

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

Comparative Advantage Iraq - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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