Overview: In 2018 Iran was the number 0 economy in the world in terms of GDP (current US$), the number 48 in total exports, the number 51 in total imports,
the number 0 economy in terms of GDP per capita (current US$) and the number 67 most complex economy according to the Economic Complexity Index (ECI)
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.
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.
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.
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 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.