Iraq-Oman Bilateral Trade Analysis 2023
Complete trade statistics: $472.07M total volume •Iraq surplus: $472.07M
Iraq → Oman
$472.07M
Exports (2023)
Oman → Iraq
$0
Imports (2023)
Trade Balance
$472.07M
Surplus for Iraq
Total Trade
$472.07M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Iraq and Oman. 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-Oman commercial relationship and competitive positioning in global markets.
Iraq → Oman Exports
Export Market Intelligence
🎯 Strategic Export Focus
Iraq's export portfolio to Oman demonstrates strategic specialization, with petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711 representing a key competitive advantage in this bilateral market.
Oman → Iraq Imports
Import Dependency Profile
📦 Import Strategy Analysis
Iraq's import pattern from Oman reveals significant dependencyin dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Iraq demonstrates competitive strength in exportingpetroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711 to Oman, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $472.07M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Iraq-Oman Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $472.07 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Iraq maintains a surplus of $472.07 million
- Export Focus: Iraq's primary exports include petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness
- Import Dependencies: Key imports from Oman include dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight), poly(ethylene terephthalate): in primary forms, having a viscosity of 78ml/g or higher, plastics: tubes, pipes and hoses thereof, rigid, of polymers of ethylene
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 $472.07M 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 gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711.
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 gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711complements Oman's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $472.07M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $472.07M 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 $472.07 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711 and dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Iraq's trade surplus of $472.07 million strengthens 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 Oman represents a total trade volume of $472.07 million in 2023. This partnership demonstrates a favorable trade balance for Iraq, with exports exceeding importsby $472.07 million.
Export Strengths
Iraq's exports to Oman total $472.07 million, with competitive advantages in petroleum gases and other gaseous hydrocarbons: liquefied, n.e.c. in heading no. 2711, representing $172.41M or36.5% of bilateral exports.
Import Dependencies
Imports from Oman amount to $0.00, highlighting economic interdependence in dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight), with Dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight) comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Iraq's competitive position in this bilateral relationship. 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 Oman in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023