Iran recorded a trade deficit of 934 USD Million in the fourth quarter of 2024. Balance of Trade in Iran averaged 3915.13 USD Million from 1974 until 2024, reaching an all time high of 20935.00 USD Million in the second quarter of 2011 and a record low of -6529.00 USD Million in the fourth quarter of 1992. source: Central Bank of Iran

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. In the long-term, the Iran Balance of Trade is projected to trend around -3000.00 USD Million in 2026, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade -934.00 -6007.00 USD Million Dec 2024
Current Account 6326.00 5908.00 USD Million Dec 2023
Current Account to GDP 1.80 3.20 percent of GDP Dec 2025
Exports 17382.00 12240.00 USD Million Dec 2024
External Debt 4412.00 5142.00 USD Million Dec 2024
Imports 18316.00 18247.00 USD Million Dec 2024
Non Oil Exports 43723.00 42246.00 USD Million Dec 2023
Oil Exports 56796.00 55410.00 USD Million Dec 2023


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 (36 percent of total exports and 34 percent of imports). Others include: Turkey, United Arab Emirates and Iraq.
Actual Previous Highest Lowest Dates Unit Frequency
-934.00 -6007.00 20935.00 -6529.00 1974 - 2024 USD Million Quarterly