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2023
Flag → Flag
Exports $1.02BRnk 3 / 130
2023
Flag → Flag
Top Product $309MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag → Flag
Exports $1.19BRnk 60 / 220
2023
Flag → Flag
Top Product $734MRice
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Iran-India Trade: In 2023, Iran exported $1.02B to India. The main products that Iran exported to India were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($309M), Petroleum Gas ($126M), and Petroleum Coke ($118M). Over the past 5 years the exports of Iran to India have decreased at an annualized rate of 41.6%, from $15B in 2018 to $1.02B in 2023.

In 2023, Iran did not export any services to India.

India-Iran Trade: In 2023, India exported $1.19B to Iran. The main products that India exported to Iran were Rice ($734M), Soybean Meal ($96.8M), and Bananas ($52M). Over the past 5 years the exports of India to Iran have decreased at an annualized rate of 16.4%,  from $2.9B in 2018 to $1.19B in 2023.

In 2023, India did not export any services to Iran.

Comparison: In 2023,  Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iran exported $1.02B to India. The main products exported from Iran to India were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($309M), Petroleum Gas ($126M), and Petroleum Coke ($118M). During the last 5 years the exports of Iran to India have decreased at an annualized rate of 41.6%, from $15B in 2018 to $1.02B in 2023.

In 2018, India exported $1.19B to Iran. The main products exported from India to Iran were Rice ($734M), Soybean Meal ($96.8M), and Bananas ($52M). During the last 5 years the exports of India to Iran have decreased at an annualized rate of 16.4%, from $2.9B in 2023 to $1.19B in 2018.

Exports from Iran (Flag) to India (Flag) (2023)

Exports from India (Flag) to Iran (Flag) (2023)

Latest Data

Trade between Iran (Flag) and India (Flag)

India Exports

Market Competitiveness

Color
Iran
Top DestinationChina$4.59B
India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Iran than India included Pakistan ($943M), Armenia ($597M), and Azerbaijan ($473M).

In 2023, countries that imported more from India than Iran included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

Difference in imports from India (Flag) and Iran (Flag) (2023)

Comparative Advantage Iran - India

Flow
Scale

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

During 2023, Iran had a large net trade with India in the exports of Chemical Products ($451M), Mineral Products ($291M), and Vegetable Products ($200M).

During 2018, India had a large net trade with Iran in the exports of Vegetable Products ($880M), Foodstuffs ($124M), and Chemical Products ($81.6M).

Potential Exports

Potential Exports

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

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

Product Space of Iran (Flag) and India (Flag) (2023)

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