Petroleum residue exports from Iraq: data, top buyers and prices
Exports of petroleum residue by Iraq reached $1.11 billion in 2024 (2.83 million tonnes). It ranks 6th of 140 countries for exports of this product. Value fell 21% from 2023. Over 2017-2024 the trade grew strongly, by about 54% a year on average. The peak in this period was 2023, at $1.41 billion.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $1.11B | 2.83M t |
| 2023 | $1.41B | 3.31M t |
| 2022 | $895.5M | 2.03M t |
| 2021 | $598.7M | 1.66M t |
| 2020 | $474.5M | 1.90M t |
| 2019 | $392.9M | 1.29M t |
| 2018 | $70.5M | 189.8K t |
| 2017 | $54.2M | 160.7K t |
Where Iraq exports petroleum residue to
One buyer market dominates: India accounted for 50% of the value. Among the main buyer markets, China grew fastest, more than tenfold on the year before.
| Destination | Value | Share |
|---|---|---|
| India | $556.9M | 50% |
| Turkey | $406.6M | 37% |
| Georgia | $34.1M | 3.1% |
| China | $32.1M | 2.9% |
| Romania | $26.2M | 2.4% |
| Bulgaria | $14.5M | 1.3% |
| Indonesia | $8.2M | 0.7% |
| South Africa | $5.7M | 0.5% |
| Tunisia | $5.6M | 0.5% |
| France | $4.1M | 0.4% |
Product types under HS 2713
| 2713.20 | Petroleum bitumen: obtained from bituminous minerals | 100% |
| 2713.90 | Residues: of petroleum oils or of oils obtained from bituminous minerals | 0.1% |
| 2713.12 | Petroleum coke: calcined, obtained from bituminous minerals | 0% |
Codes and full descriptions: HS heading 2713.
Average export price per kg
The average declared value was about $0.39 per kg, 56% above the world average of $0.25. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Petroleum residue imports to Iraq
Iraq imported $476 thousand of petroleum residue in 2024 (435 tonnes). China alone supplied 100% of it. Among the main suppliers, China grew fastest (+750% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| China | $474K | 100% |
| South Korea | $2K | 0.4% |
Who is behind these numbers in Iraq?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Mirror data: built from the shipment records of the countries that trade with it.
Updated weekly on EximDataX (some markets daily), while public statistics stop at 2024.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2713: Petroleum coke, petroleum bitumen; other residues of petroleum oils or oils obtained from bituminous minerals.
Common questions
What is the value of petroleum residue exported by Iraq?
Iraq exported petroleum residue worth $1.11 billion in 2024, the latest year with complete public data, about 2.83 million tonnes. That ranks it 6th of 140 countries worldwide, with 4% of world exports. The value was down 21% on 2023.
Which countries buy petroleum residue from Iraq?
India was the largest buyer with 50% of the value ($556.9 million), followed by Turkey (37%) and Georgia (3%). The top three together account for 90%, out of 25 buyer countries in total. Romania grew fastest among the top ten, up 630% on the year.
What is the average export price of petroleum residue per kg?
The average declared export value was about $0.39 per kg in 2024, 56% above the world average of $0.25 per kg. It is total declared value divided by total weight, so it blends every grade and size; use it as a benchmark, not a quote. Prices per shipment and per company are in EximDataX.
How have exports of petroleum residue from Iraq changed since 2017?
Exports went from $54.2 million in 2017 to $1.11 billion in 2024. The peak was 2023 at $1.41 billion. Monthly and weekly movements since then are in EximDataX.
Does Iraq also import petroleum residue?
Yes. Iraq imported $476 thousand worth of this product in 2024, mainly from China and South Korea. On balance Iraq is a net exporter of this product, by about $1.11 billion a year.
What is the HS code for petroleum residue?
The HS code for petroleum residue is heading 2713. In Iraq the largest six-digit codes were 2713.20 (100% of the value) and 2713.90 (0%). It sits in HS chapter 27 (mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes). The full list of codes and descriptions is on the HS 2713 page.
How can I find the companies behind this trade?
Public statistics stop at country totals. EximDataX rebuilds Iraq trade from the customs records of its trading partners, updated weekly, so you can see the companies that ship to and from it. Tell us your product and we will show you the latest records on a live call.
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