Iraq-Saudi Arabia Bilateral Trade Analysis 2023
Complete trade statistics: $1.29B total volume •Iraq deficit: $1.29B
Iraq → Saudi Arabia
$0
Exports (2023)
Saudi Arabia → Iraq
$1.29B
Imports (2023)
Trade Balance
$1.29B
Deficit for Iraq
Total Trade
$1.29B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Iraq and Saudi Arabia. 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-Saudi Arabia commercial relationship and competitive positioning in global markets.
Iraq → Saudi Arabia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Iraq's export portfolio to Saudi Arabia demonstrates strategic specialization, with aluminium: waste and scrap representing a key competitive advantage in this bilateral market.
Saudi Arabia → Iraq Imports
Import Dependency Profile
📦 Import Strategy Analysis
Iraq's import pattern from Saudi Arabia reveals significant dependencyin aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Iraq demonstrates competitive strength in exportingaluminium: waste and scrap to Saudi Arabia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.29B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Iraq-Saudi Arabia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.29 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Iraq maintains a deficit of $1.29 billion
- Export Focus: Iraq's primary exports include aluminium: waste and scrap, aluminium: stranded wire, cables, plaited bands and the like, (not electrically insulated), with steel core, natural gums, resins, gum-resins and oleoresins, n.e.c. in heading no. 1301
- Import Dependencies: Key imports from Saudi Arabia include aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square), food preparations: pasta, uncooked (excluding that containing eggs), not stuffed or otherwise prepared, copper: stranded wire, cables, plaited bands and the like, not electrically insulated
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 $1.29B 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 aluminium: waste and scrap.
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 aluminium: waste and scrapcomplements Saudi Arabia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.29B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.29B 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 $1.29 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in aluminium: waste and scrap and aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Iraq's trade deficit of $1.29 billion 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 Saudi Arabia represents a total trade volume of $1.29 billion in 2023. This partnership demonstrates an unfavorable trade balance for Iraq, with imports exceeding exportsby $1.29 billion.
Export Strengths
Iraq's exports to Saudi Arabia total $0.00, with competitive advantages in aluminium: waste and scrap, representing $12.61M orInfinity% of bilateral exports.
Import Dependencies
Imports from Saudi Arabia amount to $1.29 billion, highlighting economic interdependence in aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square), with Aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square) comprising10.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Iraq's strategic sourcing from Saudi Arabia. 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 Saudi Arabia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023