Balance of Trade In Goods and Services (Local Currency) fell 19.3% to IQD 169,051 bil in Iran in 2017

Balance of Trade In Goods and Services (Local Currency) (IQD bil)
Economy | Iran | May 17, 2019
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Balance of trade in goods and services reached 169,051 IQD bil in 2017 in Iran, according to the National Statistical Office. This is 19.3 % less than in the previous year.

Historically, balance of trade in goods and services in Iran reached an all time high of 516,479 IQD bil in 2011 and an all time low of -17,918 IQD bil in 2003. When compared to Iran's main peers, balance of trade in goods and services in Iraq amounted to 3,069 IRR bil, -2,978 PKR bil in Pakistan and -11.5 TMT bil in Turkmenistan in 2017.

Iran has been ranked 1st within the group of 163 countries we follow in terms of balance of trade in goods and services.

The external balance of trade in goods and services (formerly the resource balance) equals exports of goods and services minus imports of goods and services (previously non-factor services).

Balance of Trade In Goods and Services (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Afghanistan AFN bil -382 -449 -405 -419 -388
China CNY bil 1,169 1,464 1,455 1,361 2,235
India INR bil -5,716 -6,687 -3,350 -3,723 -3,163
Iran IQD bil 516,479 64,952 340,965 193,183 53,586
Iraq IRR bil 36,215 39,020 10,028 12,010 -12,593
Kazakhstan KZT bil 5,595 4,496 4,257 5,440 1,629
Kuwait KWD bil 20.1 23.6 21.8 17.1 3.04
Pakistan PKR bil -915 -1,606 -1,518 -1,615 -1,769
Saudi Arabia SAR bil 668 691 592 372 -133
Syria SYP bil ... ... ... ... ... ... ... ... ...
Turkmenistan TMT bil 7.11 8.35 1.21 3.06 -12.5
Uzbekistan UZS bil 1,428 -5,043 -5,181 -12,133 -17,409