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Trade between Iraq and Spain

In 2024, Iraq exported $1.2 billion to Spain and imported $230 million. Iraq ran a surplus of $974 million with Spain, compared with a surplus of $1.9 billion in 2019. Spain was Iraq’s 14th largest trading partner (0.9% of its trade), and Iraq was Spain’s 66th (0.2%).

Summary

Iraq → Spain
$1.2billion
Spain → Iraq
$230million
Iraq’s balance
$974million

Balance

Iraq’s trade balance with Spain

Trade between Iraq and Spain grew 3.2-fold since 1997

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

  • Exports 1.2
  • Imports 0.2
  • Balance +1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$0$0$0
1996$0$0$0
1997$439 million$5 million$433 million
1998$498 million$14 million$484 million
1999$653 million$30 million$623 million
2000$1.2 billion$57 million$1.1 billion
2001$438 million$93 million$345 million
2002$396 million$68 million$328 million
2003$329 million$49 million$280 million
2004$1.3 billion$45 million$1.2 billion
2005$1.2 billion$31 million$1.2 billion
2006$1.6 billion$24 million$1.6 billion
2007$1.7 billion$30 million$1.6 billion
2008$1.8 billion$39 million$1.8 billion
2009$1.1 billion$72 million$1.1 billion
2010$1.1 billion$103 million$975 million
2011$2.8 billion$159 million$2.6 billion
2012$3.9 billion$134 million$3.8 billion
2013$1.5 billion$245 million$1.2 billion
2014$1.1 billion$349 million$728 million
2015$1.3 billion$131 million$1.2 billion
2016$1.4 billion$138 million$1.3 billion
2017$1.4 billion$213 million$1.2 billion
2018$2.1 billion$180 million$2 billion
2019$2.1 billion$164 million$1.9 billion
2020$993 million$157 million$835 million
2021$1.8 billion$185 million$1.6 billion
2022$3.5 billion$182 million$3.4 billion
2023$1.8 billion$222 million$1.6 billion
2024$1.2 billion$230 million$974 million

What they sell each other

What Iraq sells to Spain

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

  1. Crude petroleum$890 million · 73.9%
    1.7 million tonnes · Iraq’s destinations
  2. Refined petroleum$187 million · 15.5%
    375 thousand tonnes · Iraq’s destinations
  3. Coal tar oils$119 million · 9.9%
    244 thousand tonnes
  4. Turbojets and gas turbines$6 million · 0.49%
    10 tonnes · Spain’s sources
  5. 2 thousand tonnes
  6. Industrial fatty acids$957 thousand · 0.08%
    796 tonnes
  7. Other fresh vegetables$19 thousand · 0%
  8. Tracksuits and swimwear$3 thousand · 0%
    1 tonne
  9. Clays$3 thousand · 0%

What Spain sells to Iraq

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

  1. 1 thousand tonnes · Spain’s destinations
  2. Ceramic tiles$24 million · 10.5%
    40 thousand tonnes
  3. Valves and taps$17 million · 7.2%
    848 tonnes
  4. Olive pomace oil$9 million · 3.8%
    2 thousand tonnes
  5. Other food preparations$8 million · 3.4%
    872 tonnes
  6. Fragrance mixtures$7 million · 3.2%
    503 tonnes
  7. Perfumes$6 million · 2.4%
    59 tonnes · Spain’s destinations
  8. Makeup and skin care$4 million · 1.8%
    79 tonnes · Spain’s destinations
  9. Margarine$4 million · 1.7%
    1 thousand tonnes
  10. Soups and broths$4 million · 1.6%
    2 thousand tonnes

How it travels

Estimated sea route from Umm Qasr to Valencia.

The estimated sea route between Umm Qasr and Valencia is 11,065 nautical miles (20,492 km) long: ≈ 25.5–33 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Hormuz, the Cape of Good Hope and the Strait of Gibraltar (11,065 nautical miles); and 15% via the Strait of Hormuz, the Bab-el-Mandeb Strait and the Suez Canal (5,203 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$1.4 billion · 97.4%
  2. Air$38 million · 2.6%

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

How much each matters to the other

Spain was Iraq’s 14th largest trading partner (0.9% of its trade), and Iraq was Spain’s 66th (0.2%).

Spain in Iraq’s trade
0.9%
Spain’s rank among Iraq’s partners
14th
Iraq in Spain’s trade
0.2%
Iraq’s rank among Spain’s partners
66th

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.