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2022
Flag → Flag
Exports $653MRnk 5 / 127
2022
Flag → Flag
Top Product $153MAcyclic Alcohols
2022
Flag → Flag
Exports $1.84BRnk 45 / 217
2022
Flag → Flag
Top Product $1.16BRice
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC $4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Iran-India Trade: In 2022, Iran exported $653M to India. The main products that Iran exported to India were Acyclic Alcohols ($153M), Petroleum Coke ($95.1M), and Other Nuts ($67.6M). Over the past 5 years the exports of Iran to India have decreased at an annualized rate of 39.6%, from $8.11B in 2017 to $653M in 2022.

In 2022, Iran did not export any services to India.

India-Iran Trade: In 2022, India exported $1.84B to Iran. The main products that India exported to Iran were Rice ($1.16B), Tea ($85.7M), and Raw Sugar ($80M). Over the past 5 years the exports of India to Iran have decreased at an annualized rate of 7.26%,  from $2.68B in 2017 to $1.84B in 2022.

In 2022, India did not export any services to Iran.

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iran exported $653M to India. The main products exported from Iran to India were Acyclic Alcohols ($153M), Petroleum Coke ($95.1M), and Other Nuts ($67.6M). During the last 5 years the exports of Iran to India have decreased at an annualized rate of 39.6%, from $8.11B in 2017 to $653M in 2022.

In 2017, India exported $1.84B to Iran. The main products exported from India to Iran were Rice ($1.16B), Tea ($85.7M), and Raw Sugar ($80M). During the last 5 years the exports of India to Iran have decreased at an annualized rate of 7.26%, from $2.68B in 2022 to $1.84B in 2017.

Exports from Iran (Flag) to India (Flag) (2022)

Exports from India (Flag) to Iran (Flag) (2022)

Latest Data

Trade between Iran (Flag) and India (Flag)

India Exports

Market Competitiveness

Color
Iran
Top DestinationChina$5.72B
India
Top DestinationUnited States$82.9B

This map shows whether countries import more from Iran or India. Each country is colored based on the difference in imports they receive from Iran and India or the difference in the growth in imports.

In 2022, countries that imported more from Iran than India included Armenia ($557M), Azerbaijan ($454M), and Pakistan ($762M).

In 2022, countries that imported more from India than Iran included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

Difference in imports from India (Flag) and Iran (Flag) (2022)

Comparative Advantage Iran - India

Flow
Scale

This chart compares trade between Iran and India by product, considering products traded by both, Iran and India.

During 2022, Iran had a large net trade with India in the exports of Chemical Products ($248M), Mineral Products ($215M), and Vegetable Products ($166M).

During 2017, India had a large net trade with Iran in the exports of Vegetable Products ($1.38B), Chemical Products ($195M), and Foodstuffs ($104M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran India+$80.1MPetroleum Gas
Top Product Potential India Iran+$47.7MRaw Sugar

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iran and India. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over India. Similarly, a dot/product with the flag of India indicates it has a comparative advantage over Iran.

Product Space of Iran (Flag) and India (Flag) (2022)

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