Iran recorded a trade deficit of 1767 USD Million in the first quarter of 2020. source: Central Bank of Iran

Balance of Trade in Iran averaged 4746.15 USD Million from 1974 until 2020, reaching an all time high of 20935 USD Million in the second quarter of 2011 and a record low of -6529 USD Million in the fourth quarter of 1992. This page provides - Iran Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iran Balance of Trade - values, historical data and charts - was last updated on October of 2020.

Balance of Trade in Iran is expected to be 4000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Iran to stand at 3100.00 in 12 months time. In the long-term, the Iran Balance of Trade is projected to trend around 5000.00 USD Million in 2021 and 6500.00 USD Million in 2022, according to our econometric models.

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Iran Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1767.00 2995.00 20935.00 -6529.00 1974 - 2020 USD Million Quarterly

Iran Trade Last Previous Highest Lowest Unit
Balance of Trade -1767.00 2995.00 20935.00 -6529.00 USD Million [+]
Current Account -2402.00 2034.00 18850.00 -9448.00 USD Million [+]
Current Account to GDP -0.10 2.10 10.45 -14.77 percent [+]
Imports 14471.00 12597.00 26131.00 2917.00 USD Million [+]
Exports 12705.00 15592.00 38751.00 3112.00 USD Million [+]
Crude Oil Production 1964.00 1942.00 6677.00 510.00 BBL/D/1K [+]
Weapons Sales 20.00 5.00 123.00 0.00 USD Million [+]
Non Oil Exports 30375.00 31147.00 33569.00 2445.00 USD Million [+]
Oil Exports 29016.00 31848.00 119148.00 10659.00 USD Million [+]
Terrorism Index 4.72 4.40 5.83 1.90 [+]
External Debt 10910.00 8481.00 28647.00 5107.00 USD Million [+]
Foreign Direct Investment 2430.20 3223.00 4488.60 15.60 USD Million [+]

Iran Balance of Trade
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 (21 percent of total exports and 17 percent of imports). Others include: South Korea, Turkey and United Arab Emirates.