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2022
Flag → Flag
Exports $1.84BRnk 45 / 217
2022
Flag → Flag
Top Product $1.16BRice
2022
Flag → Flag
Exports $653MRnk 5 / 127
2022
Flag → Flag
Top Product $153MAcyclic Alcohols
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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 $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 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

India-Iran Trade: In 2022, India exported $1.84B to Iran. The main products that India exported to Iran were Rice ($1.16B), Tea ($85.7M), and Raw Sugar ($80M). Over the past 5 years the exports of India to Iran have decreased at an annualized rate of 7.26%, from $2.68B in 2017 to $1.84B in 2022.

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

Iran-India Trade: In 2022, Iran exported $653M to India. The main products that Iran exported to India were Acyclic Alcohols ($153M), Petroleum Coke ($95.1M), and Other Nuts ($67.6M). Over the past 5 years the exports of Iran to India have decreased at an annualized rate of 39.6%,  from $8.11B in 2017 to $653M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). 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, India exported $82.7M and imported $18.9M from Iran, resulting in a positive trade balance of $63.8M. Between August 2023 and August 2024 the exports of India have increased by $50.9M (160%) from $31.8M to $82.7M, while imports decreased by $-15.7M (-45.4%) from $34.6M to $18.9M.

Trade In August 2024, the top exports of India to Iran were Rice -Basmoti ($83.5M), Organic Chemicals ($6.03M), Tea ($6M), Fresh Fruits ($5.22M), and Groundnut ($2.7M). In August 2024 the top imports of India from Iran were Dye Intermediates ($33.3M), Petroleum Products ($20M), Fresh Fruits ($12M), Bulk Minerals And Ores ($403k), and Other Commodities ($376k).

Growth In August 2024, the increase in India's year-by-year exports to Iran was explained primarily by an increase in product exports in Sugar ($1.69M or 505%), Groundnut ($1.51M or 126%), and Drug Formulations, Biologicals ($929k or 238%). In August 2024, the decrease in India's year-by-year imports  from Iran was explained primarily by an decrease in product imports  in Fresh Fruits ($-6.3M or -34.5%), Cmnt, Clinkr And Asbstos Cmnt ($-2.12M or -96%), and Glass And Glassware ($-780k or -98.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$50.9M(160%)
IMPORT GROWTH (August 2023 - August 2024)$-15.7M(-45.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Iran and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $1.84B to Iran. The main products exported from India to Iran were Rice ($1.16B), Tea ($85.7M), and Raw Sugar ($80M). During the last 5 years the exports of India to Iran have decreased at an annualized rate of 7.26%, from $2.68B in 2017 to $1.84B in 2022.

In 2017, Iran exported $653M to India. The main products exported from Iran to India were Acyclic Alcohols ($153M), Petroleum Coke ($95.1M), and Other Nuts ($67.6M). During the last 5 years the exports of Iran to India have decreased at an annualized rate of 39.6%, from $8.11B in 2022 to $653M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from India than Iran included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Iran than India included Armenia ($557M), Azerbaijan ($454M), and Pakistan ($762M).

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

Comparative Advantage India - Iran

Flow
Scale

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

During 2022, India had a large net trade with Iran in the exports of Vegetable Products ($1.38B), Chemical Products ($195M), and Foodstuffs ($104M).

During 2017, Iran had a large net trade with India in the exports of Chemical Products ($248M), Mineral Products ($215M), and Vegetable Products ($166M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Iran+$47.7MRaw Sugar
Top Product Potential Iran India+$80.1MPetroleum Gas

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 India and Iran. This means that a dot/product with the flag of India indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over India.

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

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