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

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $28.7M in 2023.

In 2018, 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 2023 to $76.8M in 2018.

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

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

Latest Data

Trade between Iran (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Iran - United Kingdom

Flow
Scale

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

During 2023, Iran had a large net trade with United Kingdom in the exports of Vegetable Products ($11.8M), Machines ($5.72M), and Textiles ($3.08M).

During 2018, United Kingdom had a large net trade with Iran in the exports of Chemical Products ($25.6M), Machines ($16.8M), and Instruments ($13.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran United Kingdom+$4.81MOther Nuts
Top Product Potential United Kingdom Iran+$6.07MOrthopedic Appliances

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

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

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