Iraq-Thailand Bilateral Trade Analysis 2023
Complete trade statistics: $901.35M total volume •Iraq deficit: $901.35M
Iraq → Thailand
$0
Exports (2023)
Thailand → Iraq
$901.35M
Imports (2023)
Trade Balance
$901.35M
Deficit for Iraq
Total Trade
$901.35M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Iraq and Thailand. 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-Thailand commercial relationship and competitive positioning in global markets.
Iraq → Thailand Exports
Export Market Intelligence
🎯 Strategic Export Focus
Iraq's export portfolio to Thailand demonstrates strategic specialization, with stamps, postage or revenue: stamp-postmarks, first-day covers, postal stationery (stamped paper) and like, used or unused, other than those of heading 4907 representing a key competitive advantage in this bilateral market.
Thailand → Iraq Imports
Import Dependency Profile
📦 Import Strategy Analysis
Iraq's import pattern from Thailand reveals significant dependencyin cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Iraq demonstrates competitive strength in exportingstamps, postage or revenue: stamp-postmarks, first-day covers, postal stationery (stamped paper) and like, used or unused, other than those of heading 4907 to Thailand, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $901.35M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Iraq-Thailand Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $901.35 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Iraq maintains a deficit of $901.35 million
- Export Focus: Iraq's primary exports include stamps, postage or revenue: stamp-postmarks, first-day covers, postal stationery (stamped paper) and like, used or unused, other than those of heading 4907, stones: precious (other than diamonds) and semi-precious stones, (other than rubies, sapphires and emeralds), worked other than simply sawn or roughly shaped, not strung, mounted or set, petroleum bitumen: obtained from bituminous minerals
- Import Dependencies: Key imports from Thailand include cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc
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 $901.35M 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 stamps, postage or revenue: stamp-postmarks, first-day covers, postal stationery (stamped paper) and like, used or unused, other than those of heading 4907.
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 stamps, postage or revenue: stamp-postmarks, first-day covers, postal stationery (stamped paper) and like, used or unused, other than those of heading 4907complements Thailand's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $901.35M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $901.35M 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 $901.35 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in stamps, postage or revenue: stamp-postmarks, first-day covers, postal stationery (stamped paper) and like, used or unused, other than those of heading 4907 and cereals: rice, semi-milled or wholly milled, whether or not polished or glazed demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Iraq's trade deficit of $901.35 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 Thailand represents a total trade volume of $901.35 million in 2023. This partnership demonstrates an unfavorable trade balance for Iraq, with imports exceeding exportsby $901.35 million.
Export Strengths
Iraq's exports to Thailand total $0.00, with competitive advantages in stamps, postage or revenue: stamp-postmarks, first-day covers, postal stationery (stamped paper) and like, used or unused, other than those of heading 4907, representing $52,595 orInfinity% of bilateral exports.
Import Dependencies
Imports from Thailand amount to $901.35 million, highlighting economic interdependence in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, with Cereals: rice, semi-milled or wholly milled, whether or not polished or glazed comprising46.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Iraq's strategic sourcing from Thailand. 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 Thailand in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023