Iran2020 Economic Complexity : -0.095, Rank 65 of 127
2020 Product Exports | Imports: $10.8B | $25.3B, 86 of 226 | 71 of 226
2020 Per Capita Product Exports | Imports: $128 | $301, 191 of 219 | 188 of 219
2017 Service Exports | Imports : $9.85B | $17.3B, 52 of 146 | 43 of 146
Overview In 2020 Iran was the number 49 economy in the world in terms of GDP (current US$), 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.
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.
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.
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).
Fastest Growing Export 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).
Iran has a high level of specialization in Carpets and other textile floor coverings; knotted, whether or not made up (105), Nuts (excluding coconuts, Brazils and cashew nuts); fresh or dried, whether or not shelled or peeled (77.3), Marble, travertine, ecaussine and other calcareous stone; of an apparent specific gravity of less than 2.5, alabaster, whether cut by sawing etc, into blocks, slabs of a rectangular (square) shape (76.9), Sheep and goats; live (61.3), and Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (48.9). 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 Acids; saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives (1.06), Flour, meal, powder, flakes, granules and pellets of potatoes (0.94), Acids; polycarboxylic acids, their anhydrides, halides, peroxides and peroxy-acids; their halogenated, sulphonated, nitrated or nitrosated derivatives (0.71), Polymers of styrene, in primary forms (0.7), and Cyclic hydrocarbons (0.6). 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 Cotton; not carded or combed (0.23), Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form (0.22), Oil seeds and oleaginous fruits, n.e.c. in chapter 12; whether or not broken (0.21), Manganese ores and concentrates, including ferruginous manganese ores and concentrates with a manganese content of 20% or more, calculated on the dry weight (0.21), and Leguminous vegetables; shelled or unshelled, fresh or chilled (0.2). 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 a country currently specializes in.
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.
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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