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Trade between Greece and Iraq

In 2024, Greece exported $68 million to Iraq and imported $5.4 billion. Greece ran a deficit of $5.3 billion with Iraq, compared with a deficit of $5 billion in 2019. Iraq was Greece’s 7th largest trading partner (4% of its trade), and Greece was Iraq’s 6th (3%).

Summary

Greece → Iraq
$68million
Iraq → Greece
$5.4billion
Greece’s balance
-$5.3billion

Balance

Greece’s trade balance with Iraq

Trade between Greece and Iraq grew 35,906.9-fold since 1995

USD billions (current). Greece’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.1
  • Imports 5.4
  • Balance -5.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$149 thousand$3 thousand$146 thousand
1996$82 thousand$14 thousand$68 thousand
1997$145 thousand$18 million-$18 million
1998$2 million$75 million-$73 million
1999$858 thousand$79 million-$78 million
2000$4 million$305 million-$301 million
2001$6 million$230 million-$224 million
2002$44 million$114 million-$70 million
2003$8 million$60 million-$52 million
2004$8 million$64 million-$56 million
2005$14 million$36 million-$22 million
2006$21 million$20 thousand$21 million
2007$6 million$47 million-$40 million
2008$22 million$49 million-$27 million
2009$34 million$681 million-$647 million
2010$30 million$890 million-$860 million
2011$28 million$1.1 billion-$1.1 billion
2012$44 million$2.3 billion-$2.2 billion
2013$31 million$4.8 billion-$4.8 billion
2014$53 million$5.2 billion-$5.1 billion
2015$53 million$3.3 billion-$3.3 billion
2016$30 million$2.6 billion-$2.6 billion
2017$68 million$3.5 billion-$3.5 billion
2018$49 million$5.4 billion-$5.3 billion
2019$83 million$5.1 billion-$5 billion
2020$69 million$2.3 billion-$2.2 billion
2021$256 million$4.9 billion-$4.6 billion
2022$49 million$7.1 billion-$7.1 billion
2023$132 million$5.7 billion-$5.6 billion
2024$68 million$5.4 billion-$5.3 billion

What they sell each other

What Greece sells to Iraq

The top 10 headings in 2024, with their share of the total.

  1. 466 tonnes · Greece’s destinations
  2. Spirits$16 million · 24.3%
    6 thousand tonnes
  3. Large-diameter steel pipes$12 million · 17.2%
    7 thousand tonnes
  4. 2 thousand tonnes
  5. Preserved fruit and nuts$1 million · 2%
    1 thousand tonnes
  6. Air pumps, compressors and fans$927 thousand · 1.4%
    118 tonnes
  7. Sorting and crushing machines$884 thousand · 1.3%
    56 tonnes
  8. 67 tonnes
  9. Jams, jellies and fruit purees$720 thousand · 1.1%
    457 tonnes
  10. Makeup and skin care$715 thousand · 1.1%
    42 tonnes

What Iraq sells to Greece

The top 8 headings in 2024, with their share of the total.

  1. Crude petroleum$4.6 billion · 85%
    8.2 million tonnes · Iraq’s destinations
  2. Refined petroleum$812 million · 15%
    1.5 million tonnes · Iraq’s destinations
  3. 19 tonnes
  4. Other hand tools$15 thousand · 0%
    22 tonnes
  5. Other fresh vegetables$7 thousand · 0%
  6. Bulldozers and excavators$4 thousand · 0%
    1 tonne
  7. Clays$2 thousand · 0%

How it travels

Estimated sea route from Piraeus to Umm Qasr.

The estimated sea route between Piraeus and Umm Qasr is 12,190 nautical miles (22,575 km) long: ≈ 28–36.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Hormuz (12,190 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Hormuz (4,030 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$5.5 billion · 100%
  2. Air$969 thousand · 0.02%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Iraq was Greece’s 7th largest trading partner (4% of its trade), and Greece was Iraq’s 6th (3%).

Iraq in Greece’s trade
3.8%
Iraq’s rank among Greece’s partners
7th
Greece in Iraq’s trade
3.4%
Greece’s rank among Iraq’s partners
6th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.