July 14, 2022 13:26

Iran’s Trade in Decline

The intensification of sanctions, restrictions on access to forex and export resources, and the imposition of bans on the import of certain goods by the Iranian government played a significant role in shaping the country’s commercial landscape

From the fiscal 2011-12 to 2021-22, the general trend of real exports and imports of goods and services from/to Iran has been downward with the latter registering a more pronounced decline.
According to a new report released by the Economic Studies Department of Tehran Chamber of Commerce, Industries, Mines and Agriculture, the goods and services exports in the fiscal 2011-12 stood at 2,530,000 billion rials at the constant prices of fiscal 2016-17. The figure dropped to 2,220,000 billion rials in the fiscal 2021-22.
The average real annual growth of exports during the period stands at -29.1%.

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Iran Foreign Trade Statistics