Iran recorded a trade deficit of 632 USD Million in the third quarter of 2020. source: Central Bank of Iran

Balance of Trade in Iran averaged 4653.86 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 September of 2021.

Balance of Trade in Iran is expected to be 3100.00 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 5500.00 in 12 months time. In the long-term, the Iran Balance of Trade is projected to trend around 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
2219.00 -632.00 20935.00 -6529.00 1974 - 2020 USD Million Quarterly

Iran Trade Last Previous Highest Lowest Unit
Balance of Trade 2219.00 -632.00 20935.00 -6529.00 USD Million [+]
Current Account 1124.00 -1206.00 18850.00 -9448.00 USD Million [+]
Current Account to GDP -0.50 1.10 10.45 -14.77 percent of GDP [+]
Imports 11963.00 11824.00 26131.00 2917.00 USD Million [+]
Exports 14081.00 11192.00 38751.00 3112.00 USD Million [+]
Crude Oil Production 2485.00 2493.00 6677.00 510.00 BBL/D/1K [+]
Non Oil Exports 30375.00 32655.00 33569.00 2445.00 USD Million [+]
Oil Exports 29016.00 60735.00 119148.00 10659.00 USD Million [+]
Weapons Sales 20.00 5.00 129.00 0.00 SIPRI TIV Million [+]
Terrorism Index 4.16 4.72 5.83 1.90 [+]
Foreign Direct Investment 905.60 2428.20 4322.10 15.60 USD Million [+]
External Debt 9142.00 9031.30 28647.10 5107.20 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.