Iran (IRN) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Iran-Russia Trade: In 2022, Iran exported $691M to Russia. The main products that Iran exported to Russia were N/A. Over the past 5 years the exports of Iran to Russia have increased at an annualized rate of 9.34%, from $443M in 2017 to $691M in 2022.

In 2022, Iran did not export any services to Russia.

Russia-Iran Trade: In 2022, Russia exported $1.52B to Iran. The main products that Russia exported to Iran were N/A. Over the past 5 years the exports of Russia to Iran have increased at an annualized rate of 1.51%, from $1.41B in 2017 to $1.52B in 2022.

In 2017, Russia exported services to Iran worth $138M, with Other business services ($73.4M), Travel ($30.1M), and Transportation ($22.8M) 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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iran exported $691M to Russia. There were not main exports from Iran to Russia in 2022. During the last 5 years the exports of Iran to Russia have increased at an annualized rate of 9.34%, from $443M in 2017 to $691M in 2022.

In 2017, Russia exported $1.52B to Iran. There were not main exports from Russia to Iran in 2017. During the last 5 years the exports of Russia to Iran have increased at an annualized rate of 1.51%, from $1.41B in 2022 to $1.52B in 2017.

Exports from Iran () to Russia () (2022)

Exports from Russia () to Iran () (2022)

Latest Data

Trade between Iran () and Russia ()

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Iran than Russia included Kuwait ($297M), Qatar ($134M), and Pakistan ($943M).

In 2023, countries that imported more from Russia than Iran included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Iran - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Russia in the exports of .

During 2017, Russia had a large net trade with Iran in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Russia+$6.9kEthylene Polymers

Top Product Potential Russia Iran+$7.51kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Russia () (2022)

Exports from Russia () to Iran () (2022)

Latest Data

Trade between Iran () and Russia ()

Russia Exports

Market Competitiveness

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

Comparative Advantage Iran - Russia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iran () and Russia () (2022)

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