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Pricing

2022
Flag → Flag
Exports $72MRnk 113 / 224
2022
Flag → Flag
Top Product $15.1MOrthopedic Appliances
2022
Flag → Flag
Exports $35.9MRnk 30 / 127
2022
Flag → Flag
Top Product $9MOther Nuts
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 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

United Kingdom-Iran Trade: In 2022, United Kingdom exported $72M to Iran. The main products that United Kingdom exported to Iran were Orthopedic Appliances ($15.1M), Other Plastic Products ($6.68M), and Combustion Engines ($4.83M). Over the past 5 years the exports of United Kingdom to Iran have decreased at an annualized rate of 42.5%, from $1.14B in 2017 to $72M in 2022.

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 2022, Iran exported $35.9M to United Kingdom. The main products that Iran exported to United Kingdom were Other Nuts ($9M), Knotted Carpets ($3.08M), and Tropical Fruits ($1.9M). Over the past 5 years the exports of Iran to United Kingdom have decreased at an annualized rate of 3.06%,  from $41.9M in 2017 to $35.9M in 2022.

In 2022, Iran did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £3.04M and imported £1.5M from Iran, resulting in a positive trade balance of £1.53M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-2.2M (-42.1%) from £5.24M to £3.04M, while imports decreased by £-393k (-20.7%) from £1.9M to £1.5M.

Trade In August 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 August 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 August 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£1.43M), London Heathrow Airport (£1.13M), Manchester Airport (£270k), Felixstowe (£78.1k), and Dover (£37.8k), while imports destinations were mainly Felixstowe (£201k), London Heathrow Airport (£177k), and Liverpool (£73.6k).

Growth In August 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 August 2024, the decrease in United Kingdom's year-by-year imports  from Iran was explained primarily by an decrease in product imports  in Commodities not elsewhere specified (£-407k or -45.5%), Knotted Carpets (£-13k or -34.6%), and Citrus (£-9.67k or -88.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-2.2M(-42.1%)
IMPORT GROWTH (August 2023 - August 2024)£-393k(-20.7%)
MAIN EXPORTER (August 2024)Dover Eurotunnel£1.43M

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 2022, United Kingdom exported $72M to Iran. The main products exported from United Kingdom to Iran were Orthopedic Appliances ($15.1M), Other Plastic Products ($6.68M), and Combustion Engines ($4.83M). During the last 5 years the exports of United Kingdom to Iran have decreased at an annualized rate of 42.5%, from $1.14B in 2017 to $72M in 2022.

In 2017, Iran exported $35.9M to United Kingdom. The main products exported from Iran to United Kingdom were Other Nuts ($9M), Knotted Carpets ($3.08M), and Tropical Fruits ($1.9M). During the last 5 years the exports of Iran to United Kingdom have decreased at an annualized rate of 3.06%, from $41.9M in 2022 to $35.9M in 2017.

Exports from United Kingdom (Flag) to Iran (Flag) (2022)

Exports from Iran (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Iran
Top DestinationChina$5.72B

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 2022, countries that imported more from United Kingdom than Iran included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Iran than United Kingdom included Armenia ($557M), Uzbekistan ($271M), and Tajikistan ($115M).

Difference in imports from Iran (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Iran in the exports of Instruments ($18.8M), Machines ($18.6M), and Chemical Products ($17.9M).

During 2017, Iran had a large net trade with United Kingdom in the exports of Vegetable Products ($15.3M), Textiles ($5.06M), and Machines ($3.72M).

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) (2022)

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