Iraq (IRQ) and Iceland (ISL) Trade | The Observatory of Economic Complexity

About

Iraq-Iceland In 2022, Iraq exported $3.17k to Iceland. The main products that Iraq exported to Iceland are Knotted Carpets ($467), Sauces and Seasonings ($330), and Other Processed Vegetables ($300). During the last 8 years the exports of Iraq to Iceland have increased at an annualized rate of 28.6%, from $424 in 2014 to $3.17k in 2022.

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

Iceland-Iraq In 2022, Iceland exported $98 to Iraq. The main products that Iceland exported to Iraq were N/A. During the last 8 years the exports of Iceland to Iraq have decreased at an annualized rate of 47.2%, from $16.2k in 2014 to $98 in 2022.

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

Comparison In 2022, Iraq ranked 104 in the Economic Complexity Index (ECI -0.99), and 36 in total exports ($123B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iraq exported $3.17k to Iceland. The main products exported from Iraq to Iceland were Knotted Carpets ($467), Sauces and Seasonings ($330), and Other Processed Vegetables ($300). During the last 8 years the exports of Iraq to Iceland have increased at an annualized rate of 28.6%, from $424 in 2014 to $3.17k in 2022.

In 2021, Iceland exported $98 to Iraq. There were not main exports from Iceland to Iraq in 2021. During the last 12 years the exports of Iceland to Iraq have decreased at an annualized rate of 47.2%, from $16.2k in 2009 to $98 in 2021.

Exports from Iraq () to Iceland () (2022)

Exports from Iceland () to Iraq () (2022)

Latest Data

Trade between Iraq () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iraq
Top DestinationIndia$38.8B

Iceland
Top DestinationNetherlands$1.97B

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

In 2021, countries that imported more from Iraq than Iceland were India ($38.8B), China ($34B), and United States ($10.3B).

In 2021, countries that imported more from Iceland than Iraq were United Kingdom ($672M), Norway ($459M), and Poland ($367M).

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

Comparative Advantage Iraq - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iraq had a large net trade with Iceland in the exports of Foodstuffs ($1.15k), Textiles ($753), and Vegetable Products ($546).

During 2021, Iceland had a large net trade with Iraq in the exports of .

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Iraq has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Iraq.

About

Historical Data

Bilateral Trade by Products

Exports from Iraq () to Iceland () (2022)

Exports from Iceland () to Iraq () (2022)

Latest Data

Trade between Iraq () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iraq - Iceland

Economic Complexity

Competitive Landscape

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

Keep Exploring