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2022
Flag → Flag
Exports $280MRnk 56 / 215
2022
Flag → Flag
Top Product $269MSoybeans
2022
Flag → Flag
Exports $417kRnk 34 / 127
2022
Flag → Flag
Top Product $6.01MOther Nuts
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Canada-Iran Trade: In 2022, Canada exported $280M to Iran. The main products that Canada exported to Iran were Soybeans ($269M), Other Inedible Animal Products ($3.68M), and Other Plastic Products ($1.35M). Over the past 5 years the exports of Canada to Iran have increased at an annualized rate of 16%, from $133M in 2017 to $280M in 2022.

In 2020, Canada exported services to Iran worth $283M, with Travel ($283M) being the largest in terms of value.

Iran-Canada Trade: In 2022, Iran exported $25.3M to Canada. The main products that Iran exported to Canada were Other Nuts ($6.01M), Tropical Fruits ($3.99M), and Grapes ($1.87M). Over the past 5 years the exports of Iran to Canada have decreased at an annualized rate of 3.92%,  from $71.6M in 2017 to $25.3M in 2022.

In 2022, Iran did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Latest Trends

September, 2024

About

Overview In September 2024, Canada exported C$228k and imported C$2.24M from Iran, resulting in a negative trade balance of C$2.01M. Between September 2023 and September 2024 the exports of Canada have decreased by C$-729k (-76.2%) from C$957k to C$228k, while imports decreased by C$-202k (-8.25%) from C$2.44M to C$2.24M.

Trade In September 2024, the top exports of Canada to Iran were Soybeans (C$109M), Other Inedible Animal Products (C$489k), Laboratory Reagents (C$442k), Other Edible Preparations (C$309k), and Glands and Other Organs (C$264k). In September 2024 the top imports of Canada from Iran were Other Nuts (C$1.05M), Tropical Fruits (C$499k), Grapes (C$240k), Dried Fruits (C$209k), and Spices (C$191k).

Origins In September 2024 the exports of Canada were mainly from Saskatchewan (C$167k), British Columbia (C$45.4k), and Ontario (C$15k), while imports destinations were mainly Quebec (C$1.22M), Ontario (C$749k), British Columbia (C$151k), Alberta (C$121k), and Manitoba (C$59).

Growth In September 2024, the decrease in Canada's year-by-year exports to Iran was explained primarily by an decrease in product exports in . In September 2024, the decrease in Canada's year-by-year imports  from Iran was explained primarily by an decrease in product imports  in Perfume Plants (C$-132k or -93.8%), Tufted Carpets (C$-124k or -97.4%), and Hand-Woven Rugs (C$-45.3k or -99.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)C$-729k(-76.2%)
IMPORT GROWTH (September 2023 - September 2024)C$-202k(-8.25%)
MAIN EXPORTER (September 2024)SaskatchewanC$167k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Iran and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $280M to Iran. The main products exported from Canada to Iran were Soybeans ($269M), Other Inedible Animal Products ($3.68M), and Other Plastic Products ($1.35M). During the last 5 years the exports of Canada to Iran have increased at an annualized rate of 11.5%, from $329M in 2017 to $280M in 2022.

In 2017, Iran exported $25.3M to Canada. The main products exported from Iran to Canada were Other Nuts ($6.01M), Tropical Fruits ($3.99M), and Grapes ($1.87M). During the last 5 years the exports of Iran to Canada have decreased at an annualized rate of 20.7%, from $1.33M in 2022 to $25.3M in 2017.

Exports from Canada (Flag) to Iran (Flag) (2022)

Exports from Iran (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Canada than Iran included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Iran than Canada included Turkey ($3.17B), Kuwait ($960M), and Armenia ($557M).

Difference in imports from Iran (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Iran

Flow
Scale

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

During 2022, Canada had a large net trade with Iran in the exports of Vegetable Products ($269M), Animal Products ($4.06M), and Chemical Products ($2.72M).

During 2017, Iran had a large net trade with Canada in the exports of Vegetable Products ($15.1M), Foodstuffs ($3.5M), and Machines ($1.85M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Iran+$2MPackaged Medicaments
Top Product Potential Iran Canada+$3.83MOther Nuts

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Iran. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Iran (Flag) (2022)

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