Iran's total trade in 2024 was $139.6B, with a positive trade balance of $22.2B.
Exports totaled $80.9B, primarily driven by Mineral fuels, which accounted for $45.6B or 56.4% of the total.
Imports were valued at $58.7B, with top categories being Cereals ($8.5B) and Machinery ($7.5B).
The country's top export destination was China, receiving $22.4B (27.7%) of Iran's exports.
The United Arab Emirates was the leading source of imports, providing $18.0B (30.7%) of all imported goods.
Export Profile
Iran's export economy in 2024 was dominated by the sale of natural resources. The country's total exports amounted to $80.9B. The most significant export category was Mineral fuels, mineral oils and products of their distillation (HS2 27), contributing $45.6B to the total. Other major exports included Iron and steel (HS2 72) at $6.5B and Plastics and articles thereof (HS2 39) at $5.8B. Geographically, China stood out as the top export market, with goods valued at $22.4B. Other major partners included Iraq ($7.3B) and the United Arab Emirates.
In 2024, Iran's imports totaled $58.7B. The leading import product category was Cereals (HS2 10) with a value of $8.5B, followed by Machinery and mechanical appliances (HS2 84) at $7.5B. The primary source of imports was the United Arab Emirates, accounting for $18.0B or 30.7% of total imports. Other key import partners were China ($15.6B) and Türkiye, which supplied goods worth $6.1B.