IranEcon Complexity (2018): -0.046, Rank 67 of 137
Product Exports (2018): $62.6B, Rank 48 of 222
Exports Per Capita (2018): $766, Rank 90 of 219
Product Imports (2018): $50.4B, Rank 51 of 221
Imports Per Capita (2018): $617, Rank 96 of 219
Service Exports (2014): $9.42B, Rank 59 of 176
Service Imports (2014): $15.9B, Rank 52 of 175
Overview: In 2018 Iran was the number 48 in total exports, the number 51 in total imports, and the number 67 most complex economy according to the Economic Complexity Index (ECI). In 2018, Iran exported $62.6B and imported $50.4B, resulting in a positive trade balance of $12.2B. In 2018, Iran's exports per capita were $766 and its imports per capita were $617.
Trade: The top exports of Iran are Crude Petroleum ($43B), Ethylene Polymers ($2.66B), Semi-Finished Iron ($1.65B), Acyclic Alcohols ($1.65B), and Refined Petroleum ($1.42B). The top imports of Iran are Cars ($3.47B), Corn ($1.67B), Rice ($1.4B), Vehicle Parts ($1.34B), and Soybeans ($951M).
Destinations: Iran exports mostly to China ($18.9B), India ($13.4B), United Arab Emirates ($4.73B), South Korea ($3.64B), and Italy ($3.14B), and imports mostly from China ($14B), United Arab Emirates ($9.11B), Germany ($3B), India ($2.84B), and South Korea ($2.29B).
Location: Iran borders Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Turkey, and Turkmenistan by land and Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates by sea.
Top Export (2018): Crude Petroleum, $43B
Top Destination (2018): China, $18.9B
In 2018 Iran exported a total of $62.6B, making it the number 48 exporter in the world. During the last five reported years the exports of Iran have changed by $13.2B from $49.4B in 2013 to $62.6B in 2018.
The most recent exports are led by Crude Petroleum ($43B), Ethylene Polymers ($2.66B), Semi-Finished Iron ($1.65B), Acyclic Alcohols ($1.65B), and Refined Petroleum ($1.42B). The most common destination for the exports of Iran are China ($18.9B), India ($13.4B), United Arab Emirates ($4.73B), South Korea ($3.64B), and Italy ($3.14B).
In 2018 Iran imported $50.4B, making it the number 51 trade destination in the world. During the last five reported years the imports of Iran changed by $5.69B from $44.8B in 2013 to $50.4B in 2018.
The most recent imports of Iran are led by Cars ($3.47B), Corn ($1.67B), Rice ($1.4B), Vehicle Parts ($1.34B), and Soybeans ($951M). The most common import partners for Iran are China ($14B), United Arab Emirates ($9.11B), Germany ($3B), India ($2.84B), and South Korea ($2.29B).
Iran Exports Services (2014): $9.42B
Iran Imports Services (2014): $15.9B
In 2014, Iran exported $9.42B worth of services. The top services exported by Iran in 2014 were Travel ($3.48B), Transportation ($3.3B), Construction services ($1.63B), Other business services ($409M), and Government services, n.i.e. ($239M).
The top services imported by Iran in 2014 were Travel ($8.93B), Transportation ($2.87B), Construction services ($1.55B), Government services, n.i.e. ($887M), and Other business services ($874M).
This section shows forecasts for total product exports and imports for Iran. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
The top product import tariffs by their MFN Ad Valorem value for Iran are Wine lees, argol (400%) and Opium sap (200%).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Iran are:
During the last 20 years Iran's economy has become relatively less complex, moving from the 58th to the 67th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Iran has a high level of specialization in Peat (46.8), Knotted Carpets (44), Curbstones (35.3), Precipitated Copper (25.4), and Sheep and Goats (22.5). Specialization is measured using RCA, an index that takes the ratio between Iran observed and expected exports in each product.
The highest complexity exports of Iran according to the product complexity index (PCI) are Polymers of styrene, in primary forms (0.8), Drawn or blown glass, in sheets (0.74), Bar, rod, hot-rolled alloy steel, irregular coils nes (0.67), Articles of copper nes (0.53), and Hot-rolled products, iron/steel, width>600mm, not clad (0.41). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Iran according to the relatedness index, are Raw Cotton (0.14), Calcium Phosphates (0.14), Uranium and Thorium Ore (0.13), Wool (0.12), and Other Ores (0.12). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Iran is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]