Thailand-Iraq Bilateral Trade Analysis 2023
Complete trade statistics: $901.35M total volume •Thailand surplus: $901.35M
Thailand → Iraq
$901.35M
Exports (2023)
Iraq → Thailand
$0
Imports (2023)
Trade Balance
$901.35M
Surplus for Thailand
Total Trade
$901.35M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Thailand and Iraq. Green line shows exports from Thailand, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Thailand-Iraq commercial relationship and competitive positioning in global markets.
Thailand → Iraq Exports
Export Market Intelligence
🎯 Strategic Export Focus
Thailand's export portfolio to Iraq demonstrates strategic specialization, with cereals: rice, semi-milled or wholly milled, whether or not polished or glazed representing a key competitive advantage in this bilateral market.
Iraq → Thailand Imports
Import Dependency Profile
📦 Import Strategy Analysis
Thailand's import pattern from Iraq reveals significant dependencyin stamps, postage or revenue: stamp-postmarks, first-day covers, postal stationery (stamped paper) and like, used or unused, other than those of heading 4907, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Thailand demonstrates competitive strength in exportingcereals: rice, semi-milled or wholly milled, whether or not polished or glazed to Iraq, 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: Thailand-Iraq Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $901.35 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Thailand maintains a surplus of $901.35 million
- Export Focus: Thailand's primary exports 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
- Import Dependencies: Key imports from Iraq 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
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 Thailand leveraging its comparative advantages in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed.
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
Thailand's specialization in cereals: rice, semi-milled or wholly milled, whether or not polished or glazedcomplements Iraq's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly 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.
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 cereals: rice, semi-milled or wholly milled, whether or not polished or glazed and stamps, postage or revenue: stamp-postmarks, first-day covers, postal stationery (stamped paper) and like, used or unused, other than those of heading 4907 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Thailand's trade surplus of $901.35 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 Thailand and Iraq represents a total trade volume of $901.35 million in 2023. This partnership demonstrates a favorable trade balance for Thailand, with exports exceeding importsby $901.35 million.
Export Strengths
Thailand's exports to Iraq total $901.35 million, with competitive advantages in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, representing $419.39M or46.5% of bilateral exports.
Import Dependencies
Imports from Iraq amount to $0.00, highlighting economic interdependence 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, 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 comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Thailand'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 Thailand and Iraq in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023