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

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $26.9M in 2023.

In 2018, 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 2023 to $338M in 2018.

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

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

Latest Data

Trade between Iran (Flag) and Canada (Flag)

Canada Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Iran - Canada

Flow
Scale

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

During 2023, Iran had a large net trade with Canada in the exports of Vegetable Products ($17.7M), Foodstuffs ($4.54M), and Machines ($1.29M).

During 2018, 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).

Potential Exports

Potential Exports

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

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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Bilateral Service Trade

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

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Iran (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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