Iraq-Georgia Bilateral Trade Analysis 2023
Complete trade statistics: $70.55M total volume •Iraq deficit: $70.55M
Iraq → Georgia
$0
Exports (2023)
Georgia → Iraq
$70.55M
Imports (2023)
Trade Balance
$70.55M
Deficit for Iraq
Total Trade
$70.55M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Iraq and Georgia. Green line shows exports from Iraq, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Iraq-Georgia commercial relationship and competitive positioning in global markets.
Iraq → Georgia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Iraq's export portfolio to Georgia demonstrates strategic specialization, with petroleum bitumen: obtained from bituminous minerals representing a key competitive advantage in this bilateral market.
Georgia → Iraq Imports
Import Dependency Profile
📦 Import Strategy Analysis
Iraq's import pattern from Georgia reveals significant dependencyin cattle: live, other than pure-bred breeding animals, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Iraq demonstrates competitive strength in exportingpetroleum bitumen: obtained from bituminous minerals to Georgia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $70.55M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Iraq-Georgia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $70.55 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Iraq maintains a deficit of $70.55 million
- Export Focus: Iraq's primary exports include petroleum bitumen: obtained from bituminous minerals, aluminium: casks, drums, cans, boxes and the like for any material (not compressed or liquefied gas), 300l capacity or less, whether or not lined or heat-insulated, no mechanical or thermal equipment, stoppers: caps and lids, of base metal
- Import Dependencies: Key imports from Georgia include cattle: live, other than pure-bred breeding animals, sheep: live, cattle: live, pure-bred breeding animals
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $70.55M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Iraq leveraging its comparative advantages in petroleum bitumen: obtained from bituminous minerals.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Iraq's specialization in petroleum bitumen: obtained from bituminous mineralscomplements Georgia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cattle: live, other than pure-bred breeding animals.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $70.55M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $70.55M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $70.55 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum bitumen: obtained from bituminous minerals and cattle: live, other than pure-bred breeding animals demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Iraq's trade deficit of $70.55 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Iraq and Georgia represents a total trade volume of $70.55 million in 2023. This partnership demonstrates an unfavorable trade balance for Iraq, with imports exceeding exportsby $70.55 million.
Export Strengths
Iraq's exports to Georgia total $0.00, with competitive advantages in petroleum bitumen: obtained from bituminous minerals, representing $19.86M orInfinity% of bilateral exports.
Import Dependencies
Imports from Georgia amount to $70.55 million, highlighting economic interdependence in cattle: live, other than pure-bred breeding animals, with Cattle: live, other than pure-bred breeding animals comprising76.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Iraq's strategic sourcing from Georgia. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Iraq and Georgia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023