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Export Market

Iran

ISO: IR / IRN

Country Profile

Capital Tehran
Population 86.0M
GDP $475.3B (2024)
GDP per Capita $5,190
Income Level Upper-Middle Income
Currency Iranian rial (IRR ﷼)
Language Persian (Farsi)
Timezone UTC+03:30
Region Asia · Southern Asia

Trade Partners

Iran Exports To

  • China 35.0%
  • Turkey 16.0%
  • India 8.0%
  • Pakistan 7.0%
  • Armenia 5.0%

Key exports: plastics, iron ore, alcohols, natural gas, refined copper (2023)

Iran Imports From

  • China 34.0%
  • UAE 20.0%
  • Turkey 11.0%
  • Brazil 8.0%
  • Germany 4.0%

Key imports: broadcasting equipment, vehicle parts/accessories, corn, soybeans, vehicle bodies (2023)

Economic Overview

traditionally state-controlled economy but reforming state-owned financial entities; strong oil/gas, agricultural, and service sectors; recent massive inflation due to exchange rate depreciation, international sanctions, and investor uncertainty; increasing poverty

Government: theocratic republic

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Iran. Standard WTO terms apply.

Trade Barriers

1 active barrier affecting UK exporters

UK exporters affected by Iranian import ban on finished goods

Iranian import ban on some finished products, including in the healthcare, food, consumer and retail sectors. Some specialised products such as pharmaceutical drugs and raw materials are exempt. This ban has been implemented to boost domestic production following US sanctions.

Sectors: Consumer and retail

Reported: 22 May 2019

Geographic Region

Middle East, Afghanistan and Pakistan

Export Guidance

Relevant guidance for exporting to Iran.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇫 Afghanistan 🇧🇭 Bahrain 🇮🇶 Iraq 🇮🇱 Israel FTA 🇯🇴 Jordan FTA 🇰🇼 Kuwait 🇱🇧 Lebanon FTA 🇴🇲 Oman

Official Resources

Government export support for Iran.

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