Ten of the 15 fastest-growing Iraqi export products posted gains in value exceeding 1,000% from 2010 to 2014. Increases ranged from 1,352% for Iraqi shipments of pharmaceuticals to 26,880% for exported clocks and watches.
Overall, Iraqi exports rose 69.5% over the 5-year period.
Please note that this analysis is at the 2-digit Harmonized Tariff System code level, which is better for looking at trends as opposed to uncovering opportunities at the more micro 8-digit code level.
Fastest-Growing Iraqi Export Products
Listed below in descending order are the fastest-growing Iraqi export products. Shown within parentheses is the dollar value in 2014 for that product category.
- Clocks and watches: Up by 26,880% (US$1,349,000)
- Woodpulp: Up by 24,159% ($4,124,000)
- Inorganic chemicals: Up by 10,900% ($880,000)
- Dairy, eggs, honey: Up by 8,100% ($164,000)
- Aircraft, spacecraft: Up by 6,431% ($2,743,000)
- Railway, tram equipment: Up by 4,700% ($048,000)
- Other manufactured products: Up by 2,880% ($149,000)
- Cotton: Up by 1,712% ($3,044,000)
- Pharmaceuticals: Up by 1,352% ($726,000)
- Explosives, pyrotechnics: Up by 1,067% ($970,000)
- Meat: Up by 966.7% ($704,000)
- Raw hides excluding furskins: Up by 953.9% ($55,823,000)
- Vegetable products: Up by 900.0% ($580,000)
- Gums, resins: Up by 894.3% ($3,132,000)
- Live animals: Up by 700.0% ($272,000)
Wrist-watches were the major factors behind Iraq’s fastest-growing export product category.
Waste and scrap of paper or paperboard were the top gainers for the second-place woodpulp category.
Zinc oxide and peroxide led inorganic chemicals to their third-place finish.
Iraqi cheese and curd also posted sales increases for Iraqi exporters.
The World Factbook, Field Listing: Exports, Central Intelligence Agency. Accessed on May 27, 2015
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on May 27, 2015