Iraq-Romania Bilateral Trade Analysis 2023
Complete trade statistics: $185.14M total volume •Iraq surplus: $185.14M
Iraq → Romania
$185.14M
Exports (2023)
Romania → Iraq
$0
Imports (2023)
Trade Balance
$185.14M
Surplus for Iraq
Total Trade
$185.14M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Iraq and Romania. 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-Romania commercial relationship and competitive positioning in global markets.
Iraq → Romania Exports
Export Market Intelligence
🎯 Strategic Export Focus
Iraq's export portfolio to Romania demonstrates strategic specialization, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
Romania → Iraq Imports
Import Dependency Profile
📦 Import Strategy Analysis
Iraq's import pattern from Romania reveals significant dependencyin vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modified, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Iraq demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Romania, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $185.14M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Iraq-Romania Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $185.14 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Iraq maintains a surplus of $185.14 million
- Export Focus: Iraq's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, petroleum bitumen: obtained from bituminous minerals, iron or steel: structures and parts thereof, n.e.c. in heading 7308
- Import Dependencies: Key imports from Romania include vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modified, taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves, wood: coniferous species, of fir (abies spp.) and spruce (picea spp.), sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or finger-jointed, of a thickness exceeding 6mm
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 $185.14M 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 oils: petroleum oils and oils obtained from bituminous minerals, crude.
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 oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Romania's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modified.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $185.14M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $185.14M 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 $185.14 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modified demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Iraq's trade surplus of $185.14 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 Romania represents a total trade volume of $185.14 million in 2023. This partnership demonstrates a favorable trade balance for Iraq, with exports exceeding importsby $185.14 million.
Export Strengths
Iraq's exports to Romania total $185.14 million, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $181.40M or98.0% of bilateral exports.
Import Dependencies
Imports from Romania amount to $0.00, highlighting economic interdependence in vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modified, with Vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modified 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 Romania in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023