Trade Trend

In 2023, Iran's total export value is 11.69Billion USD, total import value is 23.62Billion USD, Deficit is -11.94Billion USD, and foreign trade dependency is 0.088. In 2023，Iran's top export products are Polymers of ethylene, in primary forms(1.80Billion USD), Iron ores and concentrates; including roasted iron pyrites(1.29Billion USD), Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives(743.28Million USD), top export destinations are China(4.58Billion USD), Turkey(2.18Billion USD), Pakistan(944.47Million USD). In 2023, Iran's top import products are Maize (corn)(1.31Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(1.27Billion USD), Soya beans, whether or not broken(1.24Billion USD), top import origins are China(10.08Billion USD), Turkey(3.33Billion USD), Brazil(2.30Billion USD).

Comparing to 2022, Iran's total export value decreased -4.35Billion USD(-27.12%) in 2023, this could result from its export decreases of products such as Polymers of ethylene, in primary forms(-1.18Billion USD or -39.56%), Petroleum oils and oils obtained from bituminous minerals; crude(-563.95Million USD or -99.74%), Copper; refined and copper alloys, unwrought(-488.27Million USD or -46.80%) and export decreases to countries/economics such as China(-1.77Billion USD or -27.89%), Turkey(-1.17Billion USD or -34.98%), Brazil(-145.60Million USD or -97.34%). Comparing to 2022, Iran's total import value decreased -3.69Billion USD(-13.49%) in 2023, this could result from its import decreases of products such as Maize (corn)(-972.04Million USD or -42.58%), Wheat and meslin(-624.04Million USD or -96.91%), Commodities not specified according to kind(-574.34Million USD or -91.07%), and its import decreases from countries/economies such as Brazil(-1.99Billion USD or -46.32%), India(-659.59Million USD or -35.74%), Argentina(-570.52Million USD or -91.06%).

Cumulated to first 7 months of 2024, Iran's total export value is 3.51Billion USD, total import value is 8.82Billion USD, and tradedeficit is -5.31Billion USD. Cumulated to first 7 months of 2024, Iran's top export products are Iron ores and concentrates; including roasted iron pyrites(657.02Million USD), Polymers of ethylene, in primary forms(630.90Million USD), Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives(217.87Million USD), and top export destinations are China(1.79Billion USD), Turkey(547.21Million USD), India(215.17Million USD). Cumulated to first 7 months of 2024, Iran's top import products are Iron ores and concentrates; including roasted iron pyrites(657.02Million USD), Polymers of ethylene, in primary forms(630.90Million USD), Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives(217.87Million USD), and top import origins areChina(4.10Billion USD), Brazil(1.11Billion USD), Turkey(862.11Million USD).