Flag India / Iran Flag

Exports FlagFlag  (2018): $2.84B, Rnk 31 / 211

Top Product FlagFlag (2018): $1.19B, Rice

Exports FlagFlag (2018): $13.4B, Rnk 2 / 116

Top Product FlagFlag (2018): $11.8B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 0.57, Rnk 45 / 137

Economic Complexity of Flag (2018): ECI -0.046, Rnk 67 / 137

GDP Flag (2018): $2.72T, CURRENT US$
Rnk 7 / 196

GDP GROWTH Flag (2008-2018): 127%, CURRENT US$
Rnk 20 / 196

GDP PC Flag (2018): $2,010, CURRENT US$
Rnk 152 / 196

GDP PC GROWTH Flag (2008-2018): 101%, CURRENT US$
Rnk 16 / 196

India-Iran: In 2018, India exported $2.84B to Iran. The main products exported from India to Iran were Rice ($1.19B), Carbon-based Electronics ($118M), and Tea ($115M). During the last 23 years the exports of India to Iran have increased at an annualized rate of 13.7%, from $149M in 1995 to $2.84B in 2018.

Iran-India: In 2018, Iran exported $13.4B to India. The main products exported from Iran to India were Crude Petroleum ($11.8B), Acyclic Alcohols ($444M), and Nitrogenous Fertilizers ($321M). During the last 23 years the exports of Iran to India have increased at an annualized rate of 15.3%, from $511M in 1995 to $13.4B in 2018.

Comparison: In 2018, India ranked 45 in the Economic Complexity Index (ECI 0.57), and 16 in total exports ($326B). That same year, Iran ranked 67 in the Economic Complexity Index (ECI -0.046), and 48 in total exports ($62.6B). In terms of GDP Per Capita, India was ranked 152 with a GDP Per Capita of $2,010, while Iran has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, India exported $2.84B to Iran. The main products exported from India to Iran were Rice ($1.19B), Carbon-based Electronics ($118M), and Tea ($115M). During the last 23 years the exports of India to Iran have increased at an annualized rate of 13.7%, from $149M in 1995 to $2.84B in 2018.

In 2018, Iran exported $13.4B to India. The main products exported from Iran to India were Crude Petroleum ($11.8B), Acyclic Alcohols ($444M), and Nitrogenous Fertilizers ($321M). During the last 23 years the exports of Iran to India have increased at an annualized rate of 15.3%, from $511M in 1995 to $13.4B in 2018.

Market Competitiveness

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Measure

India
Top Destination
: United States, $52B

Iran
Top Destination
: China, $18.9B

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

In 2018, countries that imported more from India than Iran were United States ($52B), United Arab Emirates ($27.1B), and Hong Kong ($12.8B).

In 2018, countries that imported more from Iran than India were China ($18.9B), Greece ($1.34B), and Azerbaijan ($395M).

Comparative Advantage India - Iran

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Depth

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

During 2018, India had a large net trade with Iran in the exports of Vegetable Products ($1.42B), Chemical Products ($469M), and Machines ($253M).

During 2018, Iran had a large net trade with India in the exports of Mineral Products ($12.1B), Chemical Products ($1.05B), and Vegetable Products ($116M).

Tariff Section

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This sections shows import tariffs for products traded between India and Iran (using the HS6 product classification and the last year reported).

In 2018, the products from India that paid the highest import tariffs to enter Iran were Food preparations nes (150%) and Grape wines, sparkling (150%).

In 2011, the products from Iran that paid the highest import tariffs to enter India were Wine lees, argol (400%) and Poppy seeds (200%).

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Trade Forecasts

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This section shows a forecast for total trade between India and Iran. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more India has comparative advantage over Iran. Similarly, the more red a dot/product is, the more Iran has comparative advantage over India.