Iran Balance Of TradeIran Balance Of TradeIran Balance Of Trade

Iran Balance Of Trade

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Key data points


Last release
Observation period
Q2 2024
Next release
Forecast
Highest
‪20.93 B‬USD on Jun 30, 2011
Lowest
‪−6.53 B‬USD on Dec 31, 1992

About Iran Balance Of Trade


Category
Trade
Frequency
Quarterly
Units
USD
Iran has been recording trade surpluses since 1999 due to a rise in the shipments of oil and natural gas (82 percent of total exports). Yet, the UN Security Council sanctions, extended in June of 2012, will have a negative impact on Iran's foreign trade. Iran main imports are: non-electrical machinery; iron and steel and chemicals and related products. Iran´s main trading partner is China (36 percent of total exports and 34 percent of imports). Others include: Turkey, United Arab Emirates and Iraq.