Eleven of the 15 fastest-growing Iranian export products at least doubled in value from 2010 to 2014. Increases range from 100.3% for wrist watches to over 10,000% for Iran’s miscellaneous base metals shipments.
Overall, Iranian exports fell in value by 23.4% over the 5-year period.
Please note that this analysis is at the 2-digit Harmonized Tariff System code level, which is more strategic for looking at trends as opposed to uncovering opportunities at the more micro 4, 6 or 8-digit code level.
Fastest-Growing Iranian Export Products
Listed below in descending order are the fastest-growing Iranian export products sorted by the percentage increase in a product category’s value from 2010 to 2014. Also shown is each category’s dollar value in 2014.
- Other base metals: Up by 10,077% since 2010 (US$1.7 million)
- Knitted or crocheted fabric: Up by 9,350% ($2.8 million)
- Live animals: Up by 817.5% ($86.3 million)
- Collector items, art, antiques: Up by 792.2% ($17 million)
- Tin: Up by 400% ($5,000)
- Cork: Up by 318.2% ($46,000)
- Nickel: Up by 220% ($64,000)
- Explosives, pyrotechnics: Up by 165% ($1.1 million)
- Arms, ammunition: Up by 129.5% ($303,000)
- Manmade filaments: Up by 111.4% ($11.7 million)
- Clocks and watches: Up by 100.3% ($2 million)
- Ores, slag, ash: Up by 77% ($2.2 billion)
- Oil seed: Up by 72.2% ($30.9 million)
- Fertilizers: Up by 60.1% ($448.7 million)
- Feathers, artificial flowers, hair: Up by 28.2% ($50,000)
Tungsten led the other base metals category to its finish as Iran’s top gaining export.
Warp knit fabrics particularly those made on knitting machines were the major sales factors for the second-place knitted or crocheted fabric category.
Iranian shipments of sheep, goats and chickens the live animals category to its third-place finish.
Antiques over 100 years old as well as hand-rendered paintings, drawings and pastels also posted significant sales increases for Iranian exporters.
The World Factbook, Field Listing: Exports, Central Intelligence Agency. Accessed on July 15, 2015
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on July 15, 2015