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2023
Flag → Flag
Exports $338MRnk 55 / 215
2023
Flag → Flag
Top Product $331MSoybeans
2023
Flag → Flag
Exports $26.9MRnk 30 / 130
2023
Flag → Flag
Top Product $5.96MOther Nuts
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Canada-Iran Trade: In 2023, Canada exported $338M to Iran. The main products that Canada exported to Iran were Soybeans ($331M), Other Inedible Animal Products ($1.31M), and Natural Polymers ($1.09M). Over the past 5 years the exports of Canada to Iran have increased at an annualized rate of 28.7%, from $95.8M in 2018 to $338M in 2023.

In 2020, Canada exported services to Iran worth $283M, with Travel ($283M) being the largest in terms of value.

Iran-Canada Trade: In 2023, Iran exported $26.9M to Canada. The main products that Iran exported to Canada were Other Nuts ($5.96M), Tropical Fruits ($5.39M), and Rice ($1.7M). Over the past 5 years the exports of Iran to Canada have decreased at an annualized rate of 23.6%,  from $103M in 2018 to $26.9M in 2023.

In 2023, Iran did not export any services to Canada.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Latest Trends

December, 2024

About

Overview In December 2024, Canada exported C$133M and imported C$3.37M from Iran, resulting in a positive trade balance of C$129M. Between December 2023 and December 2024 the exports of Canada have decreased by C$-57.8M (-30.4%) from C$191M to C$133M, while imports increased by C$1.27M (60.2%) from C$2.1M to C$3.37M.

Trade In December 2024, the top exports of Canada to Iran were Soybeans (C$20M), Other Inedible Animal Products (C$780k), Medical Instruments (C$31.9k), Other Edible Preparations (C$11.6k), and Industrial Printers (C$11.2k). In December 2024 the top imports of Canada from Iran were Tropical Fruits (C$652k), Rice (C$284k), Dried Fruits (C$202k), Grapes (C$176k), and Pickled Foods (C$136k).

Origins In December 2024 the exports of Canada were mainly from Manitoba (C$79.1M), Quebec (C$52.7M), Alberta (C$466k), and Ontario (C$423k), while imports destinations were mainly Ontario (C$1.97M), Quebec (C$851k), British Columbia (C$481k), Alberta (C$69.6k), and New Brunswick (C$3.09k).

Growth In December 2024, the decrease in Canada's year-by-year exports to Iran was explained primarily by an decrease in product exports in Soybeans (C$-89.4M or -81.7%), Other Edible Preparations (C$-298k or -96.2%), and Industrial Printers (C$-23k or -67.3%). In December 2024, the increase in Canada's year-by-year imports  from Iran was explained primarily by an increase in product imports  in Rice (C$201k or 242%), Tropical Fruits (C$153k or 30.6%), and Confectionery Sugar (C$67.4k or 335%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)C$-57.8M(-30.4%)
IMPORT GROWTH (December 2023 - December 2024)C$1.27M(60.2%)
MAIN EXPORTER (December 2024)ManitobaC$79.1M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Iran and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $338M to Iran. The main products exported from Canada to Iran were Soybeans ($331M), Other Inedible Animal Products ($1.31M), and Natural Polymers ($1.09M). During the last 5 years the exports of Canada to Iran have increased at an annualized rate of 28.7%, from $95.8M in 2018 to $338M in 2023.

In 2018, Iran exported $26.9M to Canada. The main products exported from Iran to Canada were Other Nuts ($5.96M), Tropical Fruits ($5.39M), and Rice ($1.7M). During the last 5 years the exports of Iran to Canada have decreased at an annualized rate of 23.6%, from $103M in 2023 to $26.9M in 2018.

Exports from Canada (Flag) to Iran (Flag) (2023)

Exports from Iran (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Canada than Iran included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Iran than Canada included Turkey ($2.18B), Pakistan ($943M), and Armenia ($597M).

Difference in imports from Iran (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Iran

Flow
Scale

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

During 2023, Canada had a large net trade with Iran in the exports of Vegetable Products ($331M), Plastics and Rubbers ($2.05M), and Chemical Products ($1.73M).

During 2018, Iran had a large net trade with Canada in the exports of Vegetable Products ($17.7M), Foodstuffs ($4.54M), and Machines ($1.29M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Iran+$2MPackaged Medicaments
Top Product Potential Iran Canada+$3.83MOther Nuts

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 Canada and Iran. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Iran (Flag) (2023)

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