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Pricing

2022
Flag → Flag
Exports $35.9MRnk 30 / 127
2022
Flag → Flag
Top Product $9MOther Nuts
2022
Flag → Flag
Exports $72MRnk 113 / 224
2022
Flag → Flag
Top Product $15.1MOrthopedic Appliances
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Iran-United Kingdom Trade: In 2022, Iran exported $35.9M to United Kingdom. The main products that Iran exported to United Kingdom were Other Nuts ($9M), Knotted Carpets ($3.08M), and Tropical Fruits ($1.9M). Over the past 5 years the exports of Iran to United Kingdom have decreased at an annualized rate of 3.06%, from $41.9M in 2017 to $35.9M in 2022.

In 2022, Iran did not export any services to United Kingdom.

United Kingdom-Iran Trade: In 2022, United Kingdom exported $72M to Iran. The main products that United Kingdom exported to Iran were Orthopedic Appliances ($15.1M), Other Plastic Products ($6.68M), and Combustion Engines ($4.83M). Over the past 5 years the exports of United Kingdom to Iran have decreased at an annualized rate of 42.5%,  from $1.14B in 2017 to $72M in 2022.

In 2009, United Kingdom exported services to Iran worth $485M, with Services not allocated ($331M), Travel ($98.6M), and Transportation ($32.3M) being the largest in terms of value.

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iran exported $35.9M to United Kingdom. The main products exported from Iran to United Kingdom were Other Nuts ($9M), Knotted Carpets ($3.08M), and Tropical Fruits ($1.9M). During the last 5 years the exports of Iran to United Kingdom have decreased at an annualized rate of 3.06%, from $41.9M in 2017 to $35.9M in 2022.

In 2017, United Kingdom exported $72M to Iran. The main products exported from United Kingdom to Iran were Orthopedic Appliances ($15.1M), Other Plastic Products ($6.68M), and Combustion Engines ($4.83M). During the last 5 years the exports of United Kingdom to Iran have decreased at an annualized rate of 42.5%, from $1.14B in 2022 to $72M in 2017.

Exports from Iran (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Iran (Flag) (2022)

Latest Data

Trade between Iran (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Iran
Top DestinationChina$5.72B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Iran than United Kingdom included Armenia ($557M), Uzbekistan ($271M), and Tajikistan ($115M).

In 2022, countries that imported more from United Kingdom than Iran included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Iran (Flag) (2022)

Comparative Advantage Iran - United Kingdom

Flow
Scale

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

During 2022, Iran had a large net trade with United Kingdom in the exports of Vegetable Products ($15.3M), Textiles ($5.06M), and Machines ($3.72M).

During 2017, United Kingdom had a large net trade with Iran in the exports of Instruments ($18.8M), Machines ($18.6M), and Chemical Products ($17.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran United Kingdom+$4.81MOther Nuts
Top Product Potential United Kingdom Iran+$6.07MOrthopedic Appliances

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

Product Space of Iran (Flag) and United Kingdom (Flag) (2022)

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