Saudi Arabia-Iraq Bilateral Trade Analysis 2023
Complete trade statistics: $1.29B total volume •Saudi Arabia surplus: $1.29B
Saudi Arabia → Iraq
$1.29B
Exports (2023)
Iraq → Saudi Arabia
$0
Imports (2023)
Trade Balance
$1.29B
Surplus for Saudi Arabia
Total Trade
$1.29B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Saudi Arabia and Iraq. Green line shows exports from Saudi Arabia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Saudi Arabia-Iraq commercial relationship and competitive positioning in global markets.
Saudi Arabia → Iraq Exports
Export Market Intelligence
🎯 Strategic Export Focus
Saudi Arabia's export portfolio to Iraq demonstrates strategic specialization, with aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square) representing a key competitive advantage in this bilateral market.
Iraq → Saudi Arabia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Saudi Arabia's import pattern from Iraq reveals significant dependencyin aluminium: waste and scrap, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Saudi Arabia demonstrates competitive strength in exportingaluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square) to Iraq, 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: Saudi Arabia-Iraq Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.29 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Saudi Arabia maintains a surplus of $1.29 billion
- Export Focus: Saudi Arabia's primary exports 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
- Import Dependencies: Key imports from Iraq 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
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 Saudi Arabia leveraging its comparative advantages in aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square).
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
Saudi Arabia's specialization in aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square)complements Iraq's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in aluminium: waste and scrap.
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: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square) and aluminium: waste and scrap demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Saudi Arabia's trade surplus of $1.29 billion 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 Saudi Arabia and Iraq represents a total trade volume of $1.29 billion in 2023. This partnership demonstrates a favorable trade balance for Saudi Arabia, with exports exceeding importsby $1.29 billion.
Export Strengths
Saudi Arabia's exports to Iraq total $1.29 billion, with competitive advantages in aluminium: plates, sheets and strip, thickness exceeding 0.2mm, alloys, (not rectangular or square), representing $140.84M or10.9% of bilateral exports.
Import Dependencies
Imports from Iraq amount to $0.00, highlighting economic interdependence in aluminium: waste and scrap, with Aluminium: waste and scrap comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Saudi Arabia'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 Saudi Arabia and Iraq in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023