Iran Export!
Certainly, Iran is an important player in the global export market, and Iran Export and also its economy relies on various goods and commodities. Iran is under severe sanctions by USA and western countries for mroe than 43 years and these sanctions has primarily aimed Iran’s Export of Oil and other related products.
However, albeit of these limitations, Iran has tried to keep up its export and import with countries in the region. Let’s delve into the details of Iran’s most exported products, their statistics, and market values:
Iran’s top Export!
- Plastics and Plastic Articles: These account for approximately 22.5% of Iran’s total exports, with a value of 3.5 billion US Dollar. Iran is one of the well-known petrochemical producers and due to sanctions on its oil export, has aimed for export of petrochemical materials and plastic articles.
- Mineral Fuels (Including Oil): This category contributes 11.7% to Iran’s exports, with a value of 1.8 billion US Dollar. And this section is severely controlled and limited due to sanctions albeit of its growth.
- Organic Chemicals: Iran exports organic chemicals worth $1.5 billion, representing 9.5% of its total exports. As Iran is having huge reserves of minerals and natural chemicals and also produces lot of chemicals and variation of organic chemicals.
- Copper: Iran has big reserves of natural copper ores and mines and due to that, producing copper raw materials and articles. With a value of 1.4 billion US Dollar, copper constitutes 8.8% of Iran’s exports.
- Iron and Steel: Iran exports iron and steel products worth $1.1 billion, accounting for 7.2% of its total exports.
- Aluminum: Aluminum exports contribute 6.5% to Iran’s total exports, with a value of $1 billion.
- Fruits and Nuts: This category represents 5% of Iran’s exports, with a value of 785.4 million.
- Salt, Sulphur, Stone, and Cement: Iran exports these commodities with a total value of 465.2 million US Dollar.
Key Iran Export Destinations Countries
Iran’s exports find their way to various countries around the world. Here are some of the top destinations:
- China: China is the largest recipient of Iran’s exports, importing goods worth 5.72 billion US Dollar.
- Turkey: Turkey follows closely, importing 3.17 billion US Dollar worth of Iranian products.
- Kuwait: Kuwait receives exports worth 960 million US Dollar from Iran.
- Pakistan: Iran exports goods valued at $762 million US Dollar to Pakistan.
- India: India is another significant market for Iranian exports, with a value of $653 million US Dollar.
Historical Trends of Iran Export
In 2022, Iran exported a total of 15.9 billion US Dollar, making it the 86th largest exporter globally. Over the past five years, Iran’s exports have fluctuated significantly, declining from 97.7 billion US Dollar in 2017 to the current level.
Notably, Iran holds the distinction of being the world’s biggest exporter of Sheep and Goats, with exports amounting to 362 million US Dollar.
These figures highlight Iran’s diverse export portfolio and its role in the global trade landscape. Keep in mind that economic conditions and market dynamics can influence these numbers over time. For the most up-to-date information, refer to reliable sources such as the Observatory of Economic Complexity, Macro Trends, and CEIC Data.
