Iran Trade Balance

1948 - 2023 | Yearly | USD mn | CEIC Data

Key information about Iran's Trade Balance

  • Iran's Trade Balance recorded a surplus of 32.2 USD bn in Dec 2023, compared with a surplus of 39.3 USD bn in the previous year
  • Iran's Trade Balance data is updated yearly, available from Dec 1948 to Dec 2023, with an averaged value of 775.5 USD mn
  • The data reached an all-time high of 69.7 USD bn in Dec 2011 and a record low of -9.3 USD bn in Dec 1991
CEIC calculates annual Trade Balance from annual Total Exports and annual Total Imports. The International Monetary Fund provides Total Exports and Total Imports in USD.

Further information about Iran's Trade Balance

  • In the latest reports, Iran's Total Exports reached 98.2 USD bn in Dec 2023, an increase of 13.8% YoY (year-on-year)
  • Total Imports recorded 60.3 USD bn in Mar 2023, an increase of 13.8% YoY (year-on-year)

View Iran's Trade Balance from 1948 to 2023 in the chart:

Iran Trade Balance

What was Iran's Trade Balance in 2023?

Iran's Trade Balance recorded a surplus of 32.2 USD bn in Dec 2023, compared with a surplus of 39.3 USD bn in the previous year See the table below for more data.

Last Previous Min Max Unit Frequency Range
32,176.0 2023 39,300.0 2022 -9,266.0 1991 69,740.0 2011 USD mn yearly 1948 - 2023

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -510.0 Oct 2024 monthly Oct 1998 - Oct 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 1,295.4 Oct 2024 monthly Jan 1991 - Oct 2024
Armenia (USD mn) -373.8 Oct 2024 monthly Nov 1995 - Oct 2024
Australia (USD mn) 3,988.5 Oct 2024 monthly Jul 1971 - Oct 2024
Austria (USD mn) -621.5 Aug 2024 monthly Jan 1957 - Aug 2024
Azerbaijan (USD mn) 894.3 Oct 2024 monthly Jan 2000 - Oct 2024
Bahrain (USD mn) 4,501.7 2023 yearly 1966 - 2023
Bangladesh (USD mn) -1,487.5 Sep 2024 monthly Jul 1986 - Sep 2024
Belarus (USD mn) -542.9 Sep 2024 monthly Jan 2000 - Sep 2024
Belgium (USD mn) -40.9 Oct 2024 monthly Jan 1993 - Oct 2024
Bolivia (USD mn) 58.6 Sep 2024 monthly Oct 1994 - Sep 2024
Bosnia and Herzegovina (USD mn) -568.5 Oct 2024 monthly Jan 2000 - Oct 2024
Botswana (USD mn) -334.3 Sep 2024 monthly Jan 2001 - Sep 2024
Brazil (USD mn) 7,030.4 Nov 2024 monthly Jan 1959 - Nov 2024
Brunei (USD mn) 376.2 Aug 2024 monthly Jan 2010 - Aug 2024
Bulgaria (USD mn) -738.4 Sep 2024 monthly Jan 1995 - Sep 2024
Cambodia (USD mn) -615.2 Oct 2024 monthly Jun 2013 - Oct 2024
Canada (USD mn) -671.7 Oct 2024 monthly Jan 1988 - Oct 2024
Chile (USD mn) 1,382.7 Nov 2024 monthly Jan 1968 - Nov 2024
China (USD mn) 95,718.8 Oct 2024 monthly Jan 1992 - Oct 2024
Colombia (USD mn) -1,031.9 Sep 2024 monthly Jan 1958 - Sep 2024
Croatia (USD mn) -1,657.8 Aug 2024 monthly Jan 1993 - Aug 2024
Cyprus (USD mn) -659.7 Sep 2024 monthly Jan 1957 - Sep 2024
Czech Republic (USD mn) 3,296.4 Sep 2024 monthly Jan 1996 - Sep 2024
Denmark (USD mn) 2,910.8 Sep 2024 monthly Jan 1997 - Sep 2024
Ecuador (USD mn) 400.5 Oct 2024 monthly Mar 1992 - Oct 2024
Egypt (USD mn) -4,271.0 Sep 2024 monthly Jan 1957 - Sep 2024
Estonia (USD mn) -231.3 Sep 2024 monthly Jan 1993 - Sep 2024
European Union (USD mn) 4,242.1 Oct 2024 monthly Jan 2002 - Oct 2024
Finland (USD mn) -359.5 Oct 2024 monthly Jan 1992 - Oct 2024
France (USD mn) -8,352.1 Oct 2024 monthly Jan 2000 - Oct 2024
Georgia (USD mn) -890.3 Nov 2024 monthly Jan 1995 - Nov 2024
Germany (USD mn) 14,599.3 Oct 2024 monthly Jan 1957 - Oct 2024
Ghana (USD mn) 542.1 Oct 2024 monthly Mar 2005 - Oct 2024
Greece (USD mn) -3,446.2 Oct 2024 monthly Jan 2002 - Oct 2024
Hong Kong SAR, China (USD mn) -3,990.1 Oct 2024 monthly Jan 1957 - Oct 2024
Hungary (USD mn) 1,053.0 Oct 2024 monthly Jan 1976 - Oct 2024
Iceland (USD mn) -302.3 Oct 2024 monthly Jan 1957 - Oct 2024
India (USD mn) -37,840.0 Nov 2024 monthly Jan 1957 - Nov 2024
Indonesia (USD mn) 4,419.6 Nov 2024 monthly Jan 1967 - Nov 2024
Iran (USD mn) 32,176.0 2023 yearly 1948 - 2023
Ireland (USD mn) 10,843.5 Oct 2024 monthly Jan 1970 - Oct 2024
Israel (USD mn) -2,721.0 Oct 2024 monthly Jan 1988 - Oct 2024
Italy (USD mn) 3,827.4 Oct 2024 monthly Jan 1993 - Oct 2024
Ivory Coast (USD mn) 927.4 Aug 2024 monthly Jan 1981 - Aug 2024
Japan (USD mn) -2,386.3 Oct 2024 monthly Apr 1995 - Oct 2024
Jordan (USD mn) -1,012.4 Sep 2024 monthly Jan 1972 - Sep 2024
Kazakhstan (USD mn) 1,621.9 Oct 2024 monthly Sep 1995 - Oct 2024
Kenya (USD mn) -1,029.6 Aug 2024 monthly Oct 1992 - Aug 2024
South Korea (USD mn) 5,586.4 Nov 2024 monthly Jan 1966 - Nov 2024
Kosovo (USD mn) -537.1 Oct 2024 monthly Jan 2003 - Oct 2024
Kuwait (USD mn) 2,975.2 Aug 2024 monthly Jan 1993 - Aug 2024
Kyrgyzstan (USD mn) -459.6 Aug 2024 monthly Jan 2002 - Aug 2024
Laos (USD mn) -71.8 Jun 2024 quarterly Dec 1992 - Jun 2024
Latvia (USD mn) -293.3 Sep 2024 monthly Jan 1995 - Sep 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -300.1 Sep 2024 monthly Jan 1999 - Sep 2024
Luxembourg (USD mn) -840.1 Sep 2024 monthly Jan 1988 - Sep 2024
Macau SAR, China (USD mn) -1,255.9 Oct 2024 monthly Jan 1998 - Oct 2024
North Macedonia (USD mn) -213.7 Sep 2024 monthly Dec 1993 - Sep 2024
Malawi (USD mn) -194.6 Mar 2024 monthly Jan 1964 - Mar 2024
Malaysia (USD mn) 2,602.9 Oct 2024 monthly Jan 1990 - Oct 2024
Malta (USD mn) -334.4 Sep 2024 monthly Jan 1960 - Sep 2024
Mauritius (USD mn) -406.7 Sep 2024 monthly Jan 2006 - Sep 2024
Mexico (USD mn) 462.7 Oct 2024 monthly Jan 1993 - Oct 2024
Moldova (USD mn) -461.1 Oct 2024 monthly Jan 1992 - Oct 2024
Mongolia (USD mn) 444.6 Oct 2024 monthly Jan 1997 - Oct 2024
Montenegro (USD mn) -335.0 Oct 2024 monthly Jan 2005 - Oct 2024
Morocco (USD mn) -2,763.9 Oct 2024 monthly Jan 1957 - Oct 2024
Mozambique (USD mn) 106.5 Jun 2024 monthly Jan 2011 - Jun 2024
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -804.5 Nov 2024 monthly Aug 1974 - Nov 2024
Netherlands (USD mn) 14,166.8 Oct 2024 monthly Jan 1996 - Oct 2024
New Zealand (USD mn) -937.9 Oct 2024 monthly Jan 1960 - Oct 2024
Nigeria (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Norway (USD mn) 4,024.9 Sep 2024 monthly Jan 1957 - Sep 2024
Oman (USD mn) 1,402.1 Sep 2024 monthly Jan 1975 - Sep 2024
Pakistan (USD mn) -1,589.0 Nov 2024 monthly Jan 1968 - Nov 2024
Palestinian Territory (USD mn) -431.8 Sep 2024 monthly Jan 2011 - Sep 2024
Panama (USD mn) -1,259.9 Oct 2024 monthly Jan 1964 - Oct 2024
Paraguay (USD mn) -220.6 Nov 2024 monthly Jan 1994 - Nov 2024
Peru (USD mn) 1,813.9 Oct 2024 monthly Jan 1985 - Oct 2024
Philippines (USD mn) -5,087.0 Sep 2024 monthly Jan 1957 - Sep 2024
Poland (USD mn) -316.7 Oct 2024 monthly Jan 1986 - Oct 2024
Portugal (USD mn) -2,632.4 Sep 2024 monthly Jan 1957 - Sep 2024
Qatar (USD mn) 5,531.0 Jul 2024 monthly Jan 2014 - Jul 2024
Romania (USD mn) -2,855.4 Sep 2024 monthly Aug 1990 - Sep 2024
Russia (USD mn) 9,758.0 Oct 2024 monthly Jan 1998 - Oct 2024
Saudi Arabia (USD mn) 113,078.6 2023 yearly 1957 - 2023
Serbia (USD mn) -1,050.3 Oct 2024 monthly Jan 2001 - Oct 2024
Singapore (USD mn) 4,876.3 Nov 2024 monthly Jan 1976 - Nov 2024
Slovakia (USD mn) 217.3 Sep 2024 monthly Jan 2004 - Sep 2024
Slovenia (USD mn) -3,397.4 Oct 2024 monthly Nov 1991 - Oct 2024
South Africa (USD mn) 832.2 Oct 2024 monthly Oct 2004 - Oct 2024
Spain (USD mn) -2,951.0 Sep 2024 monthly Oct 1974 - Sep 2024
Sri Lanka (USD mn) -544.4 Oct 2024 monthly Jan 1982 - Oct 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 57.2 Oct 2024 monthly Jan 1957 - Oct 2024
Switzerland (USD mn) 10,422.9 Oct 2024 monthly Jan 1957 - Oct 2024

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Iran Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.3 Mar 2021 quarterly Mar 2006 - Mar 2021
Consolidated Fiscal Balance (USD mn) -13,054.478 Mar 2020 quarterly Jun 2005 - Mar 2020
Tax Revenue (USD mn) 77,585.714 2021 yearly 1996 - 2021
Tax Revenue: % of GDP (%) 4.9 2021 yearly 1996 - 2021
Government Debt: % of GDP (%) 7.5 Dec 2023 quarterly Mar 1998 - Dec 2023
Forecast: Government Expenditure (IRR bn) 102,170,609.775 2030 yearly 1991 - 2030
Forecast: Government Net Debt (IRR bn) 254,852,164.063 2030 yearly 1997 - 2030
Forecast: Government Revenue (IRR bn) 85,465,973.079 2030 yearly 1991 - 2030
Govt Revenues excl Special Rev: Tax: on Goods & Services: Value Added (IRR bn) 813,300.000 2022 yearly 2009 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -0.334 2028 yearly 1980 - 2028
Trade Balance (USD mn) 32,176.0 2023 yearly 1948 - 2023
Total Exports (USD mn) 98,207.0 2023 yearly 1948 - 2023
Total Exports Growth (%) 0.4 2023 yearly 1949 - 2023
Aluminum: Exports (USD th) 965,315.701 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 127,665.499 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 175,185.206 2023 yearly 1995 - 2023
Total Imports (USD mn) 60,308.7 2023 yearly 1979 - 2023
Total Imports Growth (%) 13.8 2023 yearly 1980 - 2023
Imports: Medicament (USD th) 954,511.662 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 1,369,188.228 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 0.100 Aug 2024 monthly Feb 2016 - Aug 2024
Total Imports from USA (USD mn) 35.337 Aug 2024 monthly May 2001 - Aug 2024
Total Exports to China (USD mn) 338.059 Aug 2024 monthly Dec 1990 - Aug 2024
Total Imports from China (USD mn) 903.758 Aug 2024 monthly Jan 1981 - Aug 2024
Exports (USD mn) 54,139.404 2023 yearly 1979 - 2023
Exports: Industrial Goods (IG) (USD mn) 42,828.000 2022 yearly 1979 - 2022
Exports: IG: Plastic Materials and Their Products (USD mn) 6,321.000 2022 yearly 2002 - 2022
Exports: United Arab Emirates (USD mn) 4,661.620 2021 yearly 1995 - 2021
Exports: Iraq (USD mn) 7,448.430 2021 yearly 1995 - 2021
Exports: Germany (USD mn) 233.060 2021 yearly 1995 - 2021
Exports: China (USD mn) 9,077.120 2021 yearly 1995 - 2021
Exports: Russia (USD mn) 504.580 2021 yearly 1995 - 2021
Imports: Foodstuffs and Live Animals (FA) (USD mn) 11,680.000 2022 yearly 1979 - 2022
Imports: Mineral Products, Fuels, Industrial Oils and Grease (MP) (USD mn) 850.000 2022 yearly 1979 - 2022
Imports: Machinery and Transportation Vehicles (MT) (USD mn) 18,854.000 2022 yearly 1979 - 2022
Imports: Miscellaneous Finished Products (MF) (USD mn) 1,592.000 2022 yearly 1979 - 2022
Imports: Chemicals (USD mn) 7,802.000 2022 yearly 1979 - 2022
Imports: Natural Gas (Cub m bn) 0.300 2021 yearly 1974 - 2021
Imports: China (USD mn) 9,843.010 2021 yearly 1995 - 2021
Imports: Turkey (USD mn) 4,400.090 2021 yearly 1995 - 2021
Imports: United Arab Emirates (USD mn) 9,757.790 2021 yearly 1995 - 2021
Imports: Germany (USD mn) 1,851.170 2021 yearly 1995 - 2021
Imports: Russia (USD mn) 1,070.260 2021 yearly 1995 - 2021
Import Value Index (2015=100) 108.993 2021 yearly 1980 - 2021
Export Value Index (2015=100) 101.950 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 156.0 2018 yearly 1997 - 2018
Current Account Balance (USD mn) 14,204.8 2023 yearly 1997 - 2023
Current Account Balance: % of GDP (%) 0.6 2023 yearly 1997 - 2023
Foreign Direct Investment (USD mn) 838.3 2021 yearly 1997 - 2021
Foreign Direct Investment: % of GDP (%) 0.1 2021 yearly 1997 - 2021
Foreign Portfolio Investment (USD mn) 45.600 2021 yearly 1997 - 2021
Foreign Portfolio Investment: % of GDP (%) 0.0 2021 yearly 1997 - 2021
External Debt (USD mn) 6,281.7 2023 yearly 1994 - 2023
External Debt: % of GDP (%) 0.3 2023 yearly 1994 - 2023
External Debt: Short Term (USD mn) 1,792.1 2023 yearly 1994 - 2023
External Debt: Short Term: % of GDP (%) 0.1 2023 yearly 1994 - 2023
Forecast: Current Account Balance (USD bn) 17.997 2029 yearly 1980 - 2029
BoP: CA: Goods (USD mn) 22,246.787 2023 yearly 1998 - 2023
BoP: CA: Services (USD mn) -6,691.163 2023 yearly 1998 - 2023
BoP: CA: Income (USD mn) -1,053.243 2023 yearly 1998 - 2023
BoP: CA: Income: Debit (USD mn) 1,770.800 2022 yearly 1998 - 2022
BoP: CA: Current Transfers: Credit (USD mn) 1,540.830 2022 yearly 1998 - 2022
BoP: CA: Income: Credit (USD mn) 1,276.200 2022 yearly 1998 - 2022
BoP: CA: Current Transfers (USD mn) -297.584 2023 yearly 1998 - 2023
BoP: CA: Current Transfers: Debit (USD mn) 387.400 2022 yearly 1998 - 2022
BoP: CA: CF: Capital Account: Credit (USD mn) 0.000 2022 yearly 1998 - 2022
BoP: CA: CF: Capital Account: Debit (USD mn) -7,544.000 2022 yearly 1998 - 2022
BoP: CA: Errors and Omissions (USD mn) 4,897.120 2023 yearly 1998 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 8.3 Dec 2023 monthly Jan 2011 - Dec 2023
Money Supply M1 (USD mn) 48,364.746 Jun 2024 monthly Dec 1999 - Jun 2024
Money Supply M2 (USD mn) 211,714.780 Jun 2024 monthly Dec 1999 - Jun 2024
M2 Growth (%) 26.8 Jun 2024 monthly Dec 2000 - Jun 2024
Reserve Requirement Ratio (%) 10.0 May 2024 monthly Mar 2008 - May 2024
Total Deposits (USD mn) 359,949.521 2022 yearly 1973 - 2022
Total Deposits Growth (%) 67.2 2022 yearly 1974 - 2022
Domestic Credit (USD mn) 276,897.2 Feb 2017 monthly Jan 1964 - Feb 2017
Domestic Credit Growth (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Total Loans (USD mn) 236,845.352 2016 yearly 1967 - 2016
Total Loans Growth (%) 23.00 2016 yearly 1968 - 2016
Private Debt: % of Nominal GDP (%) 60.30 2016 yearly 1961 - 2016
Money Supply: M2: M1 (IRR bn) 19,084,100.000 Jun 2024 monthly Dec 1999 - Jun 2024
Money Supply: Monetary Base (IRR bn) 11,130,300.000 Jun 2024 monthly Dec 1999 - Jun 2024
Money Supply: M2: Quasi Money (IRR bn) 63,003,300.000 Jun 2024 monthly Dec 1999 - Jun 2024

More Indicators for Iran

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