Iraq (IRQ) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Iraq-Thailand Trade: In 2022, Iraq exported $441k to Thailand. The main products that Iraq exported to Thailand were Petroleum Coke ($415k), Precious Stones ($9.29k), and Transmissions ($2.23k). Over the past 5 years the exports of Iraq to Thailand have increased at an annualized rate of 42.2%, from $76k in 2017 to $441k in 2022.

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

Thailand-Iraq Trade: In 2022, Thailand exported $1.01B to Iraq. The main products that Thailand exported to Iraq were Rice ($658M), Cars ($209M), and Air Conditioners ($27.6M). Over the past 5 years the exports of Thailand to Iraq have increased at an annualized rate of 37.2%, from $208M in 2017 to $1.01B in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $441k to Thailand. The main products exported from Iraq to Thailand were Petroleum Coke ($415k), Precious Stones ($9.29k), and Transmissions ($2.23k). During the last 5 years the exports of Iraq to Thailand have increased at an annualized rate of 42.2%, from $76k in 2017 to $441k in 2022.

In 2017, Thailand exported $1.01B to Iraq. The main products exported from Thailand to Iraq were Rice ($658M), Cars ($209M), and Air Conditioners ($27.6M). During the last 5 years the exports of Thailand to Iraq have increased at an annualized rate of 37.2%, from $208M in 2022 to $1.01B in 2017.

Exports from Iraq () to Thailand () (2022)

Exports from Thailand () to Iraq () (2022)

Latest Data

Trade between Iraq () and Thailand ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Iraq than Thailand included India ($38.8B), Greece ($6.27B), and Italy ($4.67B).

In 2022, countries that imported more from Thailand than Iraq included United States ($53.4B), Japan ($24.6B), and Vietnam ($13.4B).

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

Comparative Advantage Iraq - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Thailand in the exports of Mineral Products ($416k), Precious Metals ($11.8k), and Machines ($5.6k).

During 2017, Thailand had a large net trade with Iraq in the exports of Vegetable Products ($659M), Transportation ($235M), and Machines ($47.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iraq Thailand+$970kPetroleum Coke

Top Product Potential Thailand Iraq+$20.5MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Thailand () (2022)

Exports from Thailand () to Iraq () (2022)

Latest Data

Trade between Iraq () and Thailand ()

Thailand Exports

Market Competitiveness

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

Comparative Advantage Iraq - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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