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How dependent is Iran on India?

In 2024, India sold $1.3 billion to Iran, 5.5% of its imports, ranking 5th among its suppliers. Its share was 7.8% in 2019 and 1.8% in 1995. In 17 products it sells more than 50% of what Iran buys of them (in 8, more than 75%); what Iran buys from India in those products (dominated value) adds up to $841 million, 3.7% of its imports.

Summary

Share of its imports
5.5%
Value imported
$1.3billion
Rank among its suppliers
5th
Products where it sells over 50%
17
Products where it sells over 75%
8
Dominated value
$841million
Share of total imports
3.7%

Trend

Trend in shares

India went from 1.8% to 5.5% of what Iran buys

Share (%)

  • India 5.5%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19951491.8%17
19961941.8%17
19972741.6%20
19982361.4%20
19992271.5%21
20002791.6%22
20015602.7%12
20025882.4%12
20031,0873.5%9
20041,3123.2%9
20051,2172.7%10
20061,7034.8%7
20071,8443.7%9
20082,3324%8
20091,9474.3%8
20102,0742.9%10
20112,2392.9%10
20122,5723.7%6
20134,9617.3%4
20144,3616.3%5
20152,8645.2%5
20162,4724.5%7
20172,5613.9%6
20182,8815.4%5
20193,8487.8%4
20202,4105.8%4
20211,6743.1%6
20222,5864.5%5
20231,1874%6
20241,2535.5%5

Products where India sells more than half

ProductSupplierShareSecondValue
RiceIndia99.6%over 75%Thailand · 0.36%$698 million
BananasIndia52.3%Philippines · 46.2%$61 million
Frozen beefIndia83%over 75%Paraguay · 9.8%$17 million
Ginger, saffron, turmeric and other spicesIndia64.6%China · 32.9%$15 million
PeanutsIndia80.8%over 75%China · 19.2%$12 million
Safety glass (tempered and laminated)India67.6%China · 25%$11 million
Anise, coriander and cumin seedsIndia96.5%over 75%Turkey · 2.4%$10 million
Medicinal and aromatic plantsIndia60.8%China · 16.7%$3 million
PhenolsIndia65.4%China · 23%$3 million
Nutmeg, mace and cardamomIndia94.8%over 75%Indonesia · 3.8%$2 million
Worked stoneIndia55.1%China · 31.6%$2 million
Feldspar and fluorsparIndia92.1%over 75%Spain · 5.7%$1 million
Butter and milk fatsIndia100%over 75%—$1 million
Ceramic tilesIndia62.9%China · 32%$1 million
CopraIndia100%over 75%—$1 million
Petroleum jelly and paraffin waxIndia57.7%China · 14.8%$1 million
Gelatin capsules and carved articlesIndia66.2%China · 31.5%$1 million

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from India

Iran is India’s 54th-largest customer, with 0.27% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.