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Pricing

2023
Flag → Flag
Exports $76.8MRnk 118 / 223
2023
Flag → Flag
Top Product $9.02MOrthopedic Appliances
2023
Flag → Flag
Exports $28.7MRnk 27 / 130
2023
Flag → Flag
Top Product $5.89MOther Nuts
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

United Kingdom-Iran Trade: In 2023, United Kingdom exported $76.8M to Iran. The main products that United Kingdom exported to Iran were Orthopedic Appliances ($9.02M), Vaccines, blood, antisera, toxins and cultures ($7.09M), and Other Plastic Products ($6.95M). Over the past 5 years the exports of United Kingdom to Iran have decreased at an annualized rate of 41.7%, from $1.14B in 2018 to $76.8M in 2023.

In 2009, United Kingdom exported services to Iran worth $485M, with Services not allocated ($331M), Travel ($98.6M), and Transportation ($32.3M) being the largest in terms of value.

Iran-United Kingdom Trade: In 2023, Iran exported $28.7M to United Kingdom. The main products that Iran exported to United Kingdom were Other Nuts ($5.89M), Cranes ($4M), and Knotted Carpets ($1.93M). Over the past 5 years the exports of Iran to United Kingdom have decreased at an annualized rate of 7.51%,  from $42.3M in 2018 to $28.7M in 2023.

In 2023, Iran did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £4.78M and imported £1.82M from Iran, resulting in a positive trade balance of £2.96M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-993k (-17.2%) from £5.77M to £4.78M, while imports increased by £413k (29.4%) from £1.41M to £1.82M.

Trade In November 2024, the top exports of United Kingdom to Iran were Packaged Medicaments (£516k), Special Pharmaceuticals (£503k), Combustion Engines (£502k), Metalworking Machine Parts (£426k), and Interchangeable Tool Parts (£409k). In November 2024 the top imports of United Kingdom from Iran were Commodities not elsewhere specified (£487k), Other Nuts (£298k), Other Electrical Machinery (£137k), Tropical Fruits (£87.4k), and Crustaceans (£85.9k).

Origins In November 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£2.07M), London Heathrow Airport (£1.76M), Manchester Airport (£816k), Dover (£87.2k), and London (£17.7k), while imports destinations were mainly Felixstowe (£393k), London Heathrow Airport (£195k), and Southampton (£141k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Iran was explained primarily by an decrease in product exports in Sowing Seeds (£-272k or -91.8%), Laboratory Reagents (£-254k or -65.5%), and Electric Motors (£-169k or -81.1%). In November 2024, the increase in United Kingdom's year-by-year imports  from Iran was explained primarily by an increase in product imports  in Other Nuts (£70.6k or 31%), Paper Containers (£9.45k or 312%), and Dried Fruits (£7.29k or 32.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-993k(-17.2%)
IMPORT GROWTH (November 2023 - November 2024)£413k(29.4%)
MAIN EXPORTER (November 2024)Dover Eurotunnel£2.07M

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

To check Iran and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $76.8M to Iran. The main products exported from United Kingdom to Iran were Orthopedic Appliances ($9.02M), Vaccines, blood, antisera, toxins and cultures ($7.09M), and Other Plastic Products ($6.95M). During the last 5 years the exports of United Kingdom to Iran have decreased at an annualized rate of 41.7%, from $1.14B in 2018 to $76.8M in 2023.

In 2018, Iran exported $28.7M to United Kingdom. The main products exported from Iran to United Kingdom were Other Nuts ($5.89M), Cranes ($4M), and Knotted Carpets ($1.93M). During the last 5 years the exports of Iran to United Kingdom have decreased at an annualized rate of 7.51%, from $42.3M in 2023 to $28.7M in 2018.

Exports from United Kingdom (Flag) to Iran (Flag) (2023)

Exports from Iran (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from United Kingdom than Iran included United States ($59.7B), Germany ($34.6B), and China ($35.3B).

In 2023, countries that imported more from Iran than United Kingdom included Armenia ($597M), Pakistan ($943M), and Uzbekistan ($326M).

Difference in imports from Iran (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Iran

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Iran in the exports of Chemical Products ($25.6M), Machines ($16.8M), and Instruments ($13.5M).

During 2018, Iran had a large net trade with United Kingdom in the exports of Vegetable Products ($11.8M), Machines ($5.72M), and Textiles ($3.08M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Iran+$6.07MOrthopedic Appliances
Top Product Potential Iran United Kingdom+$4.81MOther 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 United Kingdom and Iran. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Iran (Flag) (2023)

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