Russia (RUS) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Iran (IRN) Trade

2021

→

Exports $1.47BRnk 2 / 0

2021

→

Exports $579MRnk 10 / 0

2022

Economic Complexity (ECI) ECI 0.43Rnk 47 / 133

2022

Economic Complexity (ECI) ECI 0.072Rnk 60 / 133

2022

GDP$2.24TCURRENT US$
Rnk 8 / 186

2012-2022

GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186

2022

GDP$389BCURRENT US$
Rnk 40 / 186

2012-2022

GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186

2022

GDP PC $15,345CURRENT US$
Rnk 63 / 186

2012-2022

GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

2022

GDP PC$4,388CURRENT US$
Rnk 116 / 186

2012-2022

GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

Image 1

Image by Sam Greenhalgh
Link: https://flic.kr/p/9qSwNm

Image 2

Image by Jerome Bon
Link: https://flic.kr/p/pBwir7

Latest Trends
Historical Data
Potential Exports
Economic Complexity

About

Russia-Iran Trade: In 2021, Russia exported $1.47B to Iran. The main products that Russia exported to Iran were N/A. Over the past 5 years the exports of Russia to Iran have decreased at an annualized rate of 11.6%, from $2.73B in 2016 to $1.47B in 2021.

In 2017, Russia exported services to Iran worth $138M, with Other business services ($73.4M), Travel ($30.1M), and Transportation ($22.8M) being the largest in terms of value.

Iran-Russia Trade: In 2021, Iran exported $579M to Russia. The main products that Iran exported to Russia were N/A. Over the past 5 years the exports of Iran to Russia have increased at an annualized rate of 12.7%, from $318M in 2016 to $579M in 2021.

In 2021, Iran did not export any services to Russia.

Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $3.83M and imported $1.3M from Iran, resulting in a positive trade balance of $2.53M. Between January 2021 and January 2022 the exports of Russia have decreased by $-271k (-6.61%) from $4.1M to $3.83M, while imports increased by $779k (150%) from $520k to $1.3M.

Trade In January 2022, the top exports of Russia to Iran were Commodities not elsewhere specified ($4.1M). In January 2022 the top imports of Russia from Iran were Commodities not elsewhere specified ($520k).

Origins In January 2022 the exports of Russia were mainly from SVERDLOVSK REGION ($3.35M), ULYANOVSK REGION ($235k), KIROV REGION ($183k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($35.4k), and ORENBURG REGION ($25.6k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($327k), SVERDLOVSK REGION ($273k), NOVOSIBIRSK REGION ($204k), VOLGOGRAD REGION ($161k), and BELGOROD REGION ($61.2k).

Growth In January 2022, the decrease in Russia's year-by-year exports to Iran was explained primarily by an decrease in product exports in . In January 2022, the increase in Russia's year-by-year imports from Iran was explained primarily by an increase in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$-271k(-6.61%)

IMPORT GROWTH (January 2021 - January 2022)$779k(150%)

MAIN EXPORTER (January 2022)SVERDLOVSK REGION$3.35M

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

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

For full datasets download visit Bulk Download page.

Explore Iran and Russia Data

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Russia exported $1.47B to Iran. There were not main exports from Russia to Iran in 2021. During the last 5 years the exports of Russia to Iran have decreased at an annualized rate of 11.6%, from $2.73B in 2016 to $1.47B in 2021.

In 2016, Iran exported $579M to Russia. There were not main exports from Iran to Russia in 2016. During the last 5 years the exports of Iran to Russia have increased at an annualized rate of 12.7%, from $318M in 2021 to $579M in 2016.

Exports from Russia () to Iran () (2021)

Exports from Iran () to Russia () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Iran
Top DestinationChina$5.72B

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

In 2022, countries that imported more from Russia than Iran included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Iran than Russia included Kuwait ($960M), Pakistan ($762M), and French Polynesia ($183k).

Difference in imports from Iran () and Russia () (2022)

Comparative Advantage Russia - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Russia had a large net trade with Iran in the exports of .

During 2016, Iran had a large net trade with Russia in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Iran+$7.51kRefined Petroleum

Top Product Potential Iran Russia+$6.9kEthylene Polymers

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

Year

This visualization shows the product space at the HS4 level with the flags of Russia and Iran. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Russia.

Product Space of Russia () and Iran () (2021)

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