Summary
- India → Iran
- $1.3billion
- Iran → India
- $1.1billion
- India’s balance
- $194million
Balance
India’s trade balance with Iran
Trade between India and Iran grew 3.2-fold since 1995
USD billions (current). India’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.3
- Imports 1.1
- Balance +0.2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $149 million | $572 million | -$423 million |
| 1996 | $194 million | $860 million | -$666 million |
| 1997 | $274 million | $675 million | -$401 million |
| 1998 | $236 million | $514 million | -$278 million |
| 1999 | $227 million | $1.3 billion | -$1 billion |
| 2000 | $279 million | $746 million | -$467 million |
| 2001 | $560 million | $323 million | $237 million |
| 2002 | $588 million | $300 million | $289 million |
| 2003 | $1.1 billion | $394 million | $693 million |
| 2004 | $1.3 billion | $612 million | $701 million |
| 2005 | $1.2 billion | $847 million | $371 million |
| 2006 | $1.7 billion | $6 billion | -$4.3 billion |
| 2007 | $1.8 billion | $9.2 billion | -$7.3 billion |
| 2008 | $2.3 billion | $13.8 billion | -$11.5 billion |
| 2009 | $1.9 billion | $10.6 billion | -$8.6 billion |
| 2010 | $2.1 billion | $11.3 billion | -$9.2 billion |
| 2011 | $2.2 billion | $11.8 billion | -$9.6 billion |
| 2012 | $2.6 billion | $13.3 billion | -$10.8 billion |
| 2013 | $5 billion | $10.5 billion | -$5.5 billion |
| 2014 | $4.4 billion | $11.7 billion | -$7.3 billion |
| 2015 | $2.9 billion | $6.6 billion | -$3.7 billion |
| 2016 | $2.5 billion | $8.4 billion | -$6 billion |
| 2017 | $2.6 billion | $11.5 billion | -$9 billion |
| 2018 | $2.9 billion | $15 billion | -$12.2 billion |
| 2019 | $3.8 billion | $3.8 billion | $63 million |
| 2020 | $2.4 billion | $661 million | $1.7 billion |
| 2021 | $1.7 billion | $915 million | $759 million |
| 2022 | $2.6 billion | $1.3 billion | $1.3 billion |
| 2023 | $1.2 billion | $1 billion | $168 million |
| 2024 | $1.3 billion | $1.1 billion | $194 million |
What they sell each other
What India sells to Iran
The top 10 headings in 2024, with their share of the total.
What Iran sells to India
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Nhava Sheva (Mumbai) and Khorramshahr is 1,648 nautical miles (3,053 km) long: ≈ 4–5 days at sea (at 18 and 14 knots).
Passages it crosses: Strait of Hormuz.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Iran was India’s 56th largest trading partner (0.2% of its trade), and India was Iran’s 4th (6%).
- Iran in India’s trade
- 0.2%
- Iran’s rank among India’s partners
- 56th
- India in Iran’s trade
- 6.4%
- India’s rank among Iran’s partners
- 4th
Compare with
Other partners of India
Other partners of Iran
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.