Flag United States / Iran Flag

Exports FlagFlag  (2018): $391M, Rnk 101 / 215

Top Product FlagFlag (2018): $318M, Soybeans

Exports FlagFlag (2018): $71.1M, Rnk 36 / 116

Top Product FlagFlag (2018): $51.1M, Knotted Carpets

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

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

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

United States-Iran: In 2018, United States exported $391M to Iran. The main products exported from United States to Iran were Soybeans ($318M), Sulfate Chemical Woodpulp ($20.6M), and Vitamins ($5.71M). During the last 23 years the exports of United States to Iran have increased at an annualized rate of 1.57%, from $273M in 1995 to $391M in 2018.

Iran-United States: In 2018, Iran exported $71.1M to United States. The main products exported from Iran to United States were Knotted Carpets ($51.1M), Hand-Woven Rugs ($8.72M), and Antiques ($5.73M). During the last 23 years the exports of Iran to United States have increased at an annualized rate of 30.3%, from $163k in 1995 to $71.1M in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Iran ranked 67 in the Economic Complexity Index (ECI -0.046), and 48 in total exports ($62.6B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, while Iran has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $391M to Iran. The main products exported from United States to Iran were Soybeans ($318M), Sulfate Chemical Woodpulp ($20.6M), and Vitamins ($5.71M). During the last 23 years the exports of United States to Iran have increased at an annualized rate of 1.57%, from $273M in 1995 to $391M in 2018.

In 2018, Iran exported $71.1M to United States. The main products exported from Iran to United States were Knotted Carpets ($51.1M), Hand-Woven Rugs ($8.72M), and Antiques ($5.73M). During the last 23 years the exports of Iran to United States have increased at an annualized rate of 30.3%, from $163k in 1995 to $71.1M in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Iran
Top Destination
: China, $18.9B

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

In 2018, countries that imported more from United States than Iran were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Iran than United States were Greece ($1.34B), Afghanistan ($908M), and Armenia ($253M).

Comparative Advantage United States - Iran

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Depth

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

During 2018, United States had a large net trade with Iran in the exports of Vegetable Products ($325M), Paper Goods ($20.9M), and Chemical Products ($18.1M).

During 2018, Iran had a large net trade with United States in the exports of Textiles ($60.4M), Arts and Antiques ($5.73M), and Vegetable Products ($2.34M).

Tariff Section

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

In 2018, the products from United States that paid the highest import tariffs to enter Iran were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

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

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*The tariffs present between United States and Iran are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between United States 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.

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Economic Complexity

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Competitive Landscape

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