Flag Italy / Iran Flag

Exports Flag β†’ Flag  (2018): $1.98B, Rnk 48 / 213

Top Product Flag β†’ Flag (2018): $142M, Gas Turbines

Exports Flag β†’ Flag (2018): $3.14B, Rnk 5 / 116

Top Product Flag β†’ Flag (2018): $2.74B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 1.31, Rnk 18 / 137

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

Italy-Iran: In 2018, Italy exported $1.98B to Iran. The main products exported from Italy to Iran were Gas Turbines ($142M), Other Heating Machinery ($141M), and Valves ($86.7M). During the last 23 years the exports of Italy to Iran have increased at an annualized rate of 6.19%, from $499M in 1995 to $1.98B in 2018. 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.

Iran-Italy: In 2018, Iran exported $3.14B to Italy. The main products exported from Iran to Italy were Crude Petroleum ($2.74B), Semi-Finished Iron ($140M), and Acyclic Alcohols ($43.3M). During the last 23 years the exports of Iran to Italy have increased at an annualized rate of 3.03%, from $1.58B in 1995 to $3.14B in 2018.

Comparison: In 2018, Italy ranked 18 in the Economic Complexity Index (ECI 1.31), and 8 in total exports ($540B). That same year, Iran ranked 67 in the Economic Complexity Index (ECI -0.046), and 48 in total exports ($62.6B). N/A

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Italy exported $1.98B to Iran. The main products exported from Italy to Iran were Gas Turbines ($142M), Other Heating Machinery ($141M), and Valves ($86.7M). During the last 23 years the exports of Italy to Iran have increased at an annualized rate of 6.19%, from $499M in 1995 to $1.98B in 2018.

In 2018, Iran exported $3.14B to Italy. The main products exported from Iran to Italy were Crude Petroleum ($2.74B), Semi-Finished Iron ($140M), and Acyclic Alcohols ($43.3M). During the last 23 years the exports of Iran to Italy have increased at an annualized rate of 3.03%, from $1.58B in 1995 to $3.14B in 2018.

Market Competitiveness

#permalink to section
Measure

Italy
Top Destination
: Germany, $67.8B

Iran
Top Destination
: China, $18.9B

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

In 2018, countries that imported more from Italy than Iran were Germany ($67.8B), France ($56.4B), and United States ($50.6B).

In 2018, countries that imported more from Iran than Italy were India ($13.4B), China ($18.9B), and Afghanistan ($908M).

Comparative Advantage Italy - Iran

#permalink to section
Depth

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

During 2018, Italy had a large net trade with Iran in the exports of Machines ($1.38B), Chemical Products ($200M), and Metals ($84.8M).

During 2018, Iran had a large net trade with Italy in the exports of Mineral Products ($2.76B), Metals ($212M), and Chemical Products ($53.7M).

Tariff Section

#permalink to section

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

In 2017, the products from Italy that paid the highest import tariffs to enter Iran were Sugar beet (178%) and Whey (173%).

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

Explore Tariff Data

*The tariffs present between Italy and Iran are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Italy 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.

Explore Forecasts

Bilateral Service Trade

#permalink to section

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.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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 Italy has comparative advantage over Iran. Similarly, the more red a dot/product is, the more Iran has comparative advantage over Italy.