Iran is a member of OPEC and GECF, with the majority of Iran’s exports are natural gas and oil. Petroleum makes up around 80% of exports. There is a complex pipeline system that works to supply their oil and natural gas to Armenia and Turkey as well as other close countries and stretches as far as Russia. The exports of Iran are around $50B, with imports of above $47B, so there is a small positive trade balance.
Official Name (Local Language) | Jomhuri-ye Eslami-ye Iran | Capital | Tehran | Population | 82,801,633 | Currency | Iranian Rial | GDP | $412.3 billion | Languages | Persian | Telephone Dial In | 98 |
68,319
3,805
123
Country
Trade
% Partner Share
United Arab Emirates
18,188
26.62
Unspecified
10,066
14.73
China
7,045
10.31
Korea, Rep.
4,494
6.58
Germany
3,927
5.75
Export product
Number
Ingots, iron or non-alloy steel, of a purity of
Maize seed
Flat rlld prod, i/nas, in coil, hr,=>600mm w, l
Semi-milled or wholly milled rice
Oil-cake and other solid residues, of soya-bean
%
Product list
9.1%
Wheat, rice, other grains, sugar beets, sugarcane, fruits, nuts, cotton; dairy products, wool; caviar
%
Industry list
39.9%
Petroleum, petrochemicals, gas, fertilizers, caustic soda, textiles, cement and other construction materials, food processing (particularly sugar refining and vegetable oil
%
Services list
51%
Iran is a member of OPEC and GECF and ranks as the 57th largest export economy in the world and stands at the 92nd most complex economy according to the Economic Complexity Index (ECI). The main yearly imports are cocoa beans (around $3B), rice (around $2.4B), cocoa beans (around $3B), rice (over $2.3B), soybean meal ($1.5B), gold (over $1.5B) and wheat ($1.2B).
Imports in Iran averaged around 19000 USD Million from 1974 until 2014, hitting of a high of over 77700 USD Million in June of 2011 and a low of around 3000 USD Million at the start of 2013. The main import countries are India (around $5B), South Korea (around $4B), Turkey ($4B), China (around $13B) and Ghana ($3B).
The top imports are non-electrical machinery (almost 20%), steel and iron (around 15%), chemicals (around 10%), transport vehicles (around 8%) and machinery (around 7%). The main countries of import are China (around 20%) and UAE (around 30%). They also trade heavily with Germany, Turkey and South Korea.
Information
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Iran Economic Statistics
https://www.president.ir/en/
https://countryeconomy.com/ratings/iran
The Central Bank of Iran
30,462.1
10.7%
18.7%
8%
NA
$412.3 billion
$18,100
Iranian Rial
IRR
Upper Middle Income
76/138
130/180
128/190
132/136
Currency in Iran