Iran (islamic republic of)

In 2011, the value of merchandise exports of the Islamic Republic of Iran increased substantially by 55.8 percent to reach 130.5 bln US$, while its merchandise imports increased substantially by 24.9 percent to reach 68.3 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a large surplus of 62.2 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Eastern Asia at 55.8 bln US$ (see graph 4). Merchandise exports in the Islamic Republic of Iran were highly concentrated amongst partners; imports were diversified. The top 5 partners accounted for 80 percent or more of exports and 11 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of the Islamic Republic of Iran decreased substantially by 22.4 percent, reaching 6.7 bln US$, while its imports of services decreased substantially by 23.9 percent and reached 13.0 bln US$ (see graph 2). There was a large trade in services deficit of 6.3 bln US$.

Related Subject(s): International Trade and Finance

Countries: Iran, Islamic Republic of