Italy-Iran Trade: In 2022, Italy exported $580M to Iran. The main products that Italy exported to Iran were Vaccines, blood, antisera, toxins and cultures ($27.8M), Washing and Bottling Machines ($20.8M), and Valves ($18.9M). Over the past 5 years the exports of Italy to Iran have decreased at an annualized rate of 22.1%, from $2.02B in 2017 to $580M in 2022.
In 2009, Italy exported services to Iran worth $321M, with Services not allocated ($161M), Other business services ($60.7M), and Travel ($41.9M) being the largest in terms of value.
Iran-Italy Trade: In 2022, Iran exported $160M to Italy. The main products that Iran exported to Italy were Other Cast Iron Products ($27.1M), Ethylene Polymers ($19.4M), and Other Nuts ($16.8M). Over the past 5 years the exports of Iran to Italy have decreased at an annualized rate of 46.5%, from $3.63B in 2017 to $160M in 2022.
In 2022, Iran did not export any services to Italy.
Comparison: In 2022, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).