Iran (IRN) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Iran-Italy Trade: In 2023, Iran exported $162M to Italy. The main products that Iran exported to Italy were Other Cast Iron Products ($25.8M), Semi-Finished Iron ($21.9M), and Processed Tomatoes ($15.5M). Over the past 5 years the exports of Iran to Italy have decreased at an annualized rate of 46%, from $3.53B in 2018 to $162M in 2023.

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

Italy-Iran Trade: In 2023, Italy exported $648M to Iran. The main products that Italy exported to Iran were Vaccines, blood, antisera, toxins and cultures ($35M), Valves ($22M), and Washing and Bottling Machines ($22M). Over the past 5 years the exports of Italy to Iran have decreased at an annualized rate of 19.6%, from $1.93B in 2018 to $648M in 2023.

In 2009, Italy exported services to Iran worth $321M, with Services not allocated ($161M), Other business services ($60.7M), and Travel ($41.9M) 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iran exported $162M to Italy. The main products exported from Iran to Italy were Other Cast Iron Products ($25.8M), Semi-Finished Iron ($21.9M), and Processed Tomatoes ($15.5M). During the last 5 years the exports of Iran to Italy have decreased at an annualized rate of 46%, from $3.53B in 2018 to $162M in 2023.

In 2018, Italy exported $648M to Iran. The main products exported from Italy to Iran were Vaccines, blood, antisera, toxins and cultures ($35M), Valves ($22M), and Washing and Bottling Machines ($22M). During the last 5 years the exports of Italy to Iran have decreased at an annualized rate of 19.6%, from $1.93B in 2023 to $648M in 2018.

Exports from Iran () to Italy () (2023)

Exports from Italy () to Iran () (2023)

Latest Data

Trade between Iran () and Italy ()

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Iran than Italy included Pakistan ($943M), Armenia ($597M), and Azerbaijan ($473M).

In 2023, countries that imported more from Italy than Iran included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

Difference in imports from Italy () and Iran () (2023)

Comparative Advantage Iran - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Italy in the exports of Metals ($63.2M), Vegetable Products ($32.7M), and Foodstuffs ($16.6M).

During 2018, Italy had a large net trade with Iran in the exports of Machines ($357M), Chemical Products ($121M), and Instruments ($44.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Italy+$25.2MEthylene Polymers

Top Product Potential Italy Iran+$20.6MVaccines, blood, antisera, toxins and cultures

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Italy () (2023)

Exports from Italy () to Iran () (2023)

Latest Data

Trade between Iran () and Italy ()

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Iran () (2023)

Comparative Advantage Iran - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iran () and Italy () (2023)

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