Iran Balance of Trade

Iran recorded a trade surplus of 4127 USD Million in the third quarter of 2016. Balance of Trade in Iran averaged 7654.08 USD Million from 1974 until 2016, reaching an all time high of 39427 USD Million in the fourth quarter of 2007 and a record low of -6529 USD Million in the fourth quarter of 1992.

Iran Balance of Trade

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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. This page provides – Iran Balance of Trade – actual values, historical data, forecast, chart, statistics, economic calendar and news. Iran Balance of Trade – actual data, historical chart and calendar of releases – was last updated on February of 2017.