Iran recorded a trade surplus of 12983 USD Million in the second quarter of 2018. Balance of Trade in Iran averaged 4808.44 USD Million from 1974 until 2018, 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.

Balance of Trade in Iran is expected to be 2500.00 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 4000.00 in 12 months time. In the long-term, the Iran Balance of Trade is projected to trend around 5000.00 USD Million in 2020, according to our econometric models.

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Iran Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
12983.00 6227.00 20935.00 -6529.00 1974 - 2018 USD Million Quarterly


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.

Iran Trade Last Previous Highest Lowest Unit
Balance of Trade 12983.00 6227.00 20935.00 -6529.00 USD Million [+]
Current Account 11061.00 4902.00 18850.00 -9448.00 USD Million [+]
Current Account to GDP 1.30 4.26 10.45 -14.77 percent [+]
Exports 29336.00 29064.00 38751.00 3112.00 USD Million [+]
Imports 16353.00 22836.00 26131.00 2917.00 USD Million [+]
Crude Oil Production 2102.00 2147.00 6677.00 510.00 BBL/D/1K [+]
Terrorism Index 4.72 4.40 5.83 1.90 [+]
Weapons Sales 20.00 5.00 123.00 0.00 USD Million [+]
Foreign Direct Investment 2430.20 3223.00 4488.60 15.60 USD Million [+]
External Debt 10910.00 8481.00 28647.00 5107.00 USD Million [+]