2022
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GDP
$264BCURRENT US$
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2012-2022
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GDP GROWTH
21.2%CURRENT US$
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2022
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 GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$5,937CURRENT US$
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2012-2022
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GDP PC GROWTH
-7.77%CURRENT US$
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2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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About

Iraq-South Korea In 2022, Iraq exported $8.21B to South Korea. The main products that Iraq exported to South Korea are Crude Petroleum ($7.35B), Refined Petroleum ($845M), and Special Purpose Ships ($6.29M). During the last 24 years the exports of Iraq to South Korea have increased at an annualized rate of 23%, from $56.7M in 1998 to $8.21B in 2022.

In 2022, Iraq did not export any services to South Korea.

South Korea-Iraq In 2022, South Korea exported $1.15B to Iraq. The main products that South Korea exported to Iraq were Cars ($234M), Refined Petroleum ($218M), and Delivery Trucks ($171M). During the last 24 years the exports of South Korea to Iraq have increased at an annualized rate of 51.4%, from $54.4k in 1998 to $1.15B in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iraq exported $8.21B to South Korea. The main products exported from Iraq to South Korea were Crude Petroleum ($7.35B), Refined Petroleum ($845M), and Special Purpose Ships ($6.29M). During the last 24 years the exports of Iraq to South Korea have increased at an annualized rate of 23%, from $56.7M in 1998 to $8.21B in 2022.

In 2022, South Korea exported $1.15B to Iraq. The main products exported from South Korea to Iraq were Cars ($234M), Refined Petroleum ($218M), and Delivery Trucks ($171M). During the last 27 years the exports of South Korea to Iraq have increased at an annualized rate of 51.4%, from $54.4k in 1995 to $1.15B in 2022.

Exports from Iraq (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Iraq (Flag) (2022)

Latest Data

Trade between Iraq (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Iraq
Top Destination
India$38.8B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Iraq than South Korea were India ($38.8B), Greece ($6.27B), and Serbia ($1.21B).

In 2021, countries that imported more from South Korea than Iraq were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Iraq (Flag) (2022)

Comparative Advantage Iraq - South Korea

Flow
Scale

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

During 2022, Iraq had a large net trade with South Korea in the exports of Mineral Products ($8.2B), Transportation ($6.39M), and Metals ($5.5M).

During 2022, South Korea had a large net trade with Iraq in the exports of Transportation ($503M), Machines ($231M), and Mineral Products ($218M).

Economic Complexity

Competitive Landscape

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 South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Iraq.

Product Space of Iraq (Flag) and South Korea (Flag) (2022)

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