Overview In 2020 Iran was the number 49 economy in the world in terms of GDP (current US$), the number 86 in total exports, the number 71 in total imports, the number 142 economy in terms of GDP per capita (current US$) and the number 65 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Iran are Polymers of ethylene, in primary forms ($2.17B), Petroleum oils and oils obtained from bituminous minerals; crude ($1.18B), Nuts (excluding coconuts, Brazils and cashew nuts); fresh or dried, whether or... ($913M), Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives ($832M), and Iron or non-alloy steel; semi-finished products thereof ($595M), exporting mostly to China ($5.85B), Turkey ($1.16B), Pakistan ($352M), United Arab Emirates ($345M), and Germany ($302M).

Imports The top imports of Iran are Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus... ($2.23B), Maize (corn) ($1.09B), Rice ($885M), Motor vehicles; parts and accessories, of heading no. 8701 to 8705 ($625M), and Soya beans, whether or not broken ($548M), importing mostly from China ($8.51B), United Arab Emirates ($4.53B), India ($2.24B), Turkey ($2.14B), and Germany ($1.68B).

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.

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The following section uses the most recent trade data from partners of Iran.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Polymers of ethylene, in primary forms, $2.17B

Top Destination (2020): China, $8.51B

In 2020, Iran exported a total of $10.8B, making it the number 86 exporter in the world. During the last five reported years the exports of Iran have changed by -$60.1B from $70.8B in 2015 to $10.8B in 2020.

The most recent exports are led by Polymers of ethylene, in primary forms ($2.17B), Petroleum oils and oils obtained from bituminous minerals; crude ($1.18B), Nuts (excluding coconuts, Brazils and cashew nuts); fresh or dried, whether or... ($913M), Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives ($832M), and Iron or non-alloy steel; semi-finished products thereof ($595M). The most common destination for the exports of Iran are China ($5.85B), Turkey ($1.16B), Pakistan ($352M), United Arab Emirates ($345M), and Germany ($302M).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Iran Exports Services (2017): $9.85B

Iran Imports Services (2017): $17.3B

In 2017, Iran exported $9.85B worth of services. The top services exported by Iran in 2017 were Transportation ($3.75B), Personal travel ($3.59B), Construction services ($881M), Business travel ($812M), and Other business services ($456M).

The top services imported by Iran in 2017 were Personal travel ($9.41B), Transportation ($2.86B), Business travel ($1.89B), Other business services ($928M), and Construction services ($760M).

Economic Complexity

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Export Opportunities by Relatedness

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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 a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Iran. These are products that tend to be co-exported with the products that Iran exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Economic Complexity Ranking

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During the last 20 years Iran's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨53rd to the 65th⁩ 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.

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