Who is trading with Iran?
Economy of Iran
| Statistics | |
|---|---|
| Main export partners | China 48.3% India 12.1% South Korea 7.58% Turkey 6% United Arab Emirates 4.56% Japan 4.15% Russia 2.24% Pakistan 2% Azerbaijan 1.7% Armenia 1.2% (2019) |
| Imports | $54.46 billion (2018) |
Who does Iran trade with the most?
The most common destination for the exports of Iran are China ($12.1B), India ($3.03B), South Korea ($1.89B), Turkey ($1.5B), and United Arab Emirates ($1.14B).
Who does Iran export to?
Iran’s main exports partners are: China (21 percent of total exports), Japan (9.2 percent) and Turkey (9 percent). Others include: South Korea and Italy. .
Does America trade with Iran?
The United States attributes the worsening of relations to the 1979–81 Iran hostage crisis, Iran’s repeated human rights abuses since the Islamic Revolution, its growing influence in the Middle East and its nuclear program. Since 1995, the United States has had an embargo on trade with Iran.
What kind of trade does Iran have with the EU?
In 2020, Iran was the EU’s 56th biggest trade partner. 17.5% of Iran’s imports came from the EU and 5.1% of the country’s exports went to the EU. The EU is Iran’s 2nd biggest trade partner, representing 12.3% of the country’s total trade in goods with the world in 2020.
When did Germany become a trading partner of Iran?
After the war, Germany increasingly became a primary trading partner of Iran, with German goods worth about 3.6 billion euros being imported into Iran in 2004. The 1992 Mykonos restaurant assassinations and Mykonos Trial in Berlin severely soured relations.
What are the strengths of the Iranian market?
Strengths of the Iranian market include: a population of around 80 million (the second largest in the Middle East after Egypt) EU trade with Iran in 2016 stands at around USD 8 billion and is expected to quadruple by 2018. Iran’s main imports are: 2. Preparing to do business in Iran To do business in Iran, UK businesses first need to be aware of:
What kind of products does Iran export to other countries?
Exports: The top exports of Iran are Crude Petroleum ($12.3B), Ethylene Polymers ($2.63B), Acyclic Alcohols ($1.09B), Iron Ore ($1.06B), and Other Nuts ($630M), exporting mostly to China ($12.1B), India ($3.03B), South Korea ($1.89B), Turkey ($1.5B), and United Arab Emirates ($1.14B).