Overview: In 2018 Iran was the number 48 in total exports, the number 51 in total imports, and the number 67 most complex economy according to the Economic Complexity Index (ECI). In 2018, Iran exported $62.6B and imported $50.4B, resulting in a positive trade balance of $12.2B. In 2018, Iran’s exports per capita were $766 and its imports per capita were $617.
Trade: The top exports of Iran are Crude Petroleum ($43B), Ethylene Polymers ($2.66B), Semi-Finished Iron ($1.65B), Acyclic Alcohols ($1.65B), and Refined Petroleum ($1.42B). The top imports of Iran are Cars ($3.47B), Corn ($1.67B), Rice ($1.4B), Vehicle Parts ($1.34B), and Soybeans ($951M).
Destinations: Iran exports mostly to China ($۱۸.۹B), India($13.4B), United Arab Emirates ($۴.۷۳B), South Korea ($۳.۶۴B), and Italy ($۳.۱۴B), and imports mostly from China ($۱۴B), United Arab Emirates ($۹.۱۱B), Germany ($۳B), India ($۲.۸۴B), and South Korea ($۲.۲۹B).
Location: Iran borders Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Turkey, and Turkmenistan by land and Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates by sea.
for more information please download file attached billow
| HS CODE | PRODUCT LABEL | VALUE IMPORTED IN 2019 (USD THOUSAND) | AVERAGE TARIFF |
|---|---|---|---|
| 84 | Machinery, mechanical appliances, nuclear reactors, boilers; parts thereof | 3512704 | 13.3 |
| 10 | Cereals | 3413438 | 12.6 |
| 85 | Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television … | 2109087 | 19.4 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical … | 1341106 | 10.6 |
| 29 | Organic chemicals | 1244964 | 7.4 |
| 30 | Pharmaceutical products | 1135754 | 12.3 |
| 12 | Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruit; industrial or medicinal … | 1042674 | 8.8 |
| 23 | Residues and waste from the food industries; prepared animal fodder | 909949 | 8.6 |
| 39 | Plastics and articles thereof | 908792 | 12.3 |
| 15 | Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal … | 828598 | 30.7 |
| ’87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 706785 | 33.8 |
| ’48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 682145 | 13.3 |
| ’38 | Miscellaneous chemical products | 585048 | 9.1 |
| ’40 | Rubber and articles thereof | 568841 | 24.9 |
| ’73 | Articles of iron or steel | 489835 | 16.4 |
| ’17 | Sugars and sugar confectionery | 448324 | 37.2 |
| ’33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 422448 | 22.1 |
| ’02 | Meat and edible meat offal | 360401 | 21.4 |
| ’72 | Iron and steel | 345458 | 14.8 |
| ’32 | Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring … | 343054 | 14.6 |
| ’99 | Commodities not elsewhere specified | 315072 | |
| ’55 | Man-made staple fibres | 305117 | 20.9 |
| ’09 | Coffee, tea, maté and spices | 300059 | 23.9 |
| ’52 | Cotton | 269711 | 22.3 |
| ’94 | Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; … | 258049 | 40.7 |
| ’31 | Fertilisers | 236203 | 5 |
| ’54 | Man-made filaments; strip and the like of man-made textile materials | 221021 | 25.1 |
| ’27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral … | 204753 | 7.2 |
| ’28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, … | 199671 | 6.4 |
| ’95 | Toys, games and sports requisites; parts and accessories thereof | 177732 | 15.1 |
| ’24 | Tobacco and manufactured tobacco substitutes | 170911 | 19.9 |
| ’44 | Wood and articles of wood; wood charcoal | 166277 | 9.2 |
| ’08 | Edible fruit and nuts; peel of citrus fruit or melons | 157898 | 42 |
| ’83 | Miscellaneous articles of base metal | 154352 | 24.6 |
| ’69 | Ceramic products | 152379 | 48.1 |
| ’70 | Glass and glassware | 148146 | 25.6 |
| ’96 | Miscellaneous manufactured articles | 132970 | 16.3 |
| ’76 | Aluminium and articles thereof | 129356 | 14.6 |
| ’35 | Albuminoidal substances; modified starches; glues; enzymes | 128711 | 15.9 |
| ’34 | Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial … | 122247 | 20.8 |
| ’21 | Miscellaneous edible preparations | 120235 | 20.8 |
| ’82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 118176 | 18.9 |
| ’71 | Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad … | 116621 | 9.4 |
| ’61 | Articles of apparel and clothing accessories, knitted or crocheted | 110829 | 55 |
| ’60 | Knitted or crocheted fabrics | 110752 | 32 |
| ’59 | Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable … | 100536 | 19.3 |
| ’56 | Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof | 93451 | 29 |
| ’62 | Articles of apparel and clothing accessories, not knitted or crocheted | 92386 | 55 |
| ’68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 68816 | 34.7 |
| ’18 | Cocoa and cocoa preparations | 67383 | 39.8 |
| ’25 | Salt; sulphur; earths and stone; plastering materials, lime and cement | 65811 | 5.5 |
| ’07 | Edible vegetables and certain roots and tubers | 64909 | 34.5 |
| ’04 | Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere … | 63054 | 30.9 |
| ’20 | Preparations of vegetables, fruit, nuts or other parts of plants | 62397 | 42.9 |
| ’26 | Ores, slag and ash | 58677 | 5 |
| ’64 | Footwear, gaiters and the like; parts of such articles | 53611 | 50.4 |
| ’57 | Carpets and other textile floor coverings | 51550 | 53.6 |
| ’01 | Live animals | 42901 | 7 |
| ’63 | Other made-up textile articles; sets; worn clothing and worn textile articles; rags | 42521 | 54.4 |
| ’58 | Special woven fabrics; tufted textile fabrics; lace; tapestries; trimmings; embroidery | 42089 | 33.8 |
| ’19 | Preparations of cereals, flour, starch or milk; pastrycooks’ products | 37550 | 30.8 |
| ’86 | Railway or tramway locomotives, rolling stock and parts thereof; railway or tramway track fixtures … | 36429 | 7.1 |
| ’03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 30843 | 39.9 |
| ’42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles … | 28191 | 53.2 |
| ’37 | Photographic or cinematographic goods | 27271 | 7.4 |
| ’88 | Aircraft, spacecraft, and parts thereof | 22107 | 5.1 |
| ’13 | Lac; gums, resins and other vegetable saps and extracts | 22048 | 7.5 |
| ’91 | Clocks and watches and parts thereof | 19577 | 7.6 |
| ’47 | Pulp of wood or of other fibrous cellulosic material; recovered (waste and scrap) paper or … | 17409 | 4.9 |
| ’74 | Copper and articles thereof | 17266 | 6.4 |
| ’50 | Silk | 14324 | 36.4 |
| ’05 | Products of animal origin, not elsewhere specified or included | 13508 | 46.2 |
| ’51 | Wool, fine or coarse animal hair; horsehair yarn and woven fabric | 13288 | 19.5 |
| ’89 | Ships, boats and floating structures | 12641 | 7.9 |
| ’75 | Nickel and articles thereof | 12271 | 5 |
| ’22 | Beverages, spirits and vinegar | 11006 | 27.9 |
| ’49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, … | 10757 | 10.5 |
| ’81 | Other base metals; cermets; articles thereof | 10400 | 6.3 |
| ’66 | Umbrellas, sun umbrellas, walking sticks, seat-sticks, whips, riding-crops and parts thereof | 8059 | 52.7 |
| ’16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 6604 | 41.1 |
| ’67 | Prepared feathers and down and articles made of feathers or of down; artificial flowers; articles … | 5235 | 55 |
| ’06 | Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage | 4790 | 24.8 |
| ’80 | Tin and articles thereof | 4619 | 5 |
| ’78 | Lead and articles thereof | 4023 | 5 |
| ’53 | Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn | 3979 | 18.3 |
| ’65 | Headgear and parts thereof | 3575 | 46.1 |
| ’11 | Products of the milling industry; malt; starches; inulin; wheat gluten | 2624 | 42.5 |
| ’41 | Raw hides and skins (other than furskins) and leather | 2436 | 22.2 |
| ’93 | Arms and ammunition; parts and accessories thereof | 2093 | 20 |
| ’79 | Zinc and articles thereof | 1950 | 5.5 |
| ’92 | Musical instruments; parts and accessories of such articles | 1948 | 49.9 |
| ’97 | Works of art, collectors’ pieces and antiques | 1269 | 5 |
| ’36 | Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations | 1083 | 18.3 |
| ’45 | Cork and articles of cork | 411 | 5 |
| ’14 | Vegetable plaiting materials; vegetable products not elsewhere specified or included | 330 | 16.5 |
| ’46 | Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork | 217 | 55 |
| ’43 | Furskins and artificial fur; manufactures thereof | 34 | 54.5 |
On 16 January 2016, the United Nations sanctions on Iran were lifted, as were many of the sanctions imposed by the European Union. . UNSC resolution 2231 (2015) remains in place despite the decision by the United States to withdraw from the JPCOA on 8 May 2018.
Under Iranian law, registration is important in order to protect intellectual property
Iranian Law provides access to dispute resolution and arbitration in cases of dispute between foreign investors and companies and the Iranian Government. Businesses are recommended to first settle disputes amicably through negotiation, and should no settlement be reached the matter can be referred to the Iranian courts. Disputes can also submit their claims to arbitration proceedings.
| EXPORT | IMPORT |
|---|
| Invoice | Commercial invoice |
| Packing list | Packing list |
| Certificate of origin | Certificate of origin |
| Inspection certificate | Bill of lading |
| Customs export declaration | Customs import declaration |
| Bill of lading | Customs warehouse receipt |
| Customs warehouse receipt | Technical standard certificate |
| SOLAS certificate | Delivery order |
| SOLAS certificate |
Indirect taxes such as value added tax (VAT) is a set rate per goods, ranging from three to 10 per cent and some goods may be subject to double taxation if also required from the country of origin. In 2015 it is set that VAT is going to increase by one per cent to generate more revenue for the country.
There is a variety of items which are exempt from taxes being imported into Iran, some popular items are:
Iran currently has free trade zones which avoid the non-tariff barriers such as value added services (VAT). These specialised economic zones have been established to provide:
attention to which goods are forbidden to import in Iran: more than 2000 HS code are forbidden
attention to which goods must have guaranty or after sale services
attention to which goods must enter to Iran track and trace system because of Iran’s anti smuggling law
attention to limitation of send currency to other countries whiteout import any goods
The Islamic Consultative Assembly of Iran and Ministry of mine, Industry and Trade, as the main regulating bodies in this field, have enacted certain regulations on exportation and importation of goods in Iran. The governing law in this area is the Export-Import Regulations Act with the latest amendment. This Act is extended to cover matters of delivery of related services to all exporters and importers. A classification system of exportable and importable goods is also in place. Three categories exist at the present time and those are the following:
Permissible goods: relevant criteria attached to these goods must be observed and upon the observance, the exportation and importation of these goods shall not require a license;
Conditional goods: In order to be able to export or import this category of goods a license must be obtained and via the license exportation and importation of these goods becomes possible and permissible;
Prohibited goods: These goods have an absolute prohibition on them. This means that the exportation, importation, purchase, sale or consumption is prohibited. This prohibition is put
in place by Islamic Sharia law and also via national law.
Iran’s The Export Import Regulations Act
To import or export any goods and commodities, one should know the tariff code of that particular good. Tariff Code is also named HS code which stands for Harmonized System that is an internationally predefined code system for importing/exporting goods and commodities. here we presented the latest tariff
list released by Iran Customs Administration (IRICA).
Iran Customs Law , Iran custom regulations
what is the Iran’s Customs duties in 2020
Under the relevant Iranian laws and regulations company means the union of capital and credit of two or more than two persons in order to conduct allowed activities. To enjoy protection of the law company must be registered before the relevant authority which in Iran is the Corporate Registration Bureau. By registering the company, it becomes a legal entity, separated from its founders, with its own asset and property. This make it easier and more reliable for people to develop their business with the company or vice versa.
Furthermore, being registered, the company can benefit from many advantages that laws and regulations offer to valid registered companies; of which the followings may be stated:
Ease of use of bank facilities;
Possibility of opening a business account;
Possibility of participating in governmental tenders;
Possibility of getting discounts and tax breaks;
Possibility of conducting certain activities allowed only to legal entities
Iranian Law of Registration of Company
Foreign investment is permitted in accordance with the prevailing laws and regulations of the Country. All foreign investors are permitted to invest, for the purpose of development and producing activities, in all areas of industry, mining, agriculture and services. However, from the standpoint of the Iranian government, only those investments shall be eligible to enjoy the privileges and protections under the Foreign Investment Promotion and Protection Act (FIPPA) that have obtained the required license under the FIPPA.
Guidance And FAQs On Foreign Investment in the Islamic Republic of Iran
the Foreign Investment Promotion and Protection Act of Iran
Benefiting from our Business Matchmaking services, you can get in touch with reliable Iranian companies of your interest during a three-day organized visit program. Business Matchmaking Services include:
In the private sector, our team of experts will identify qualified and reliable Iranian companies, active in your business field that could be considered as potential future business partners in Iran, and organize b2b meetings for you with them. Undoubtedly, the whole procedure will be derived based on your requirements and criteria.
Each year, more than 80 local and international exhibitions, as well as various events, are held in Tehran. These expos cover different sectors and industries, hosting numerous domestic and foreign companies, including leading manufacturing companies, top suppliers, high profile import/export companies, and many others.
At Ixport, we understand the concerns of foreign companies about entering the Iranian market. As is the case with most developing countries, the lack of reliable data is a big issue. The small number of businesses that are engaged in Iran, on the other hand, make the country a somewhat nontransparent market for business owners and executives in those companies that are seeing opportunity in the biggest untapped market in the MENA region.
We conduct customized Market Research for our clients, covering the following headlines:
Executive Summary;
General Trends and Developments including economic trends and demographics of Iran;
Product / Service Analysis including product features and characteristics;
Market Demand for the product/service including current market segments, customer preferences, market size, and outlook;
Market Players including domestic manufacturers profile, importers profile, distribution channel analysis, brand analysis, price analysis, after-sale services provided, and prevailing marketing strategies;
Financing options in Iran including bank loan terms and requirements and financial market options;
Monitoring and Regulations including required standards, government policies, import regulations, monitoring agencies and tax conditions;
Money Transfer Considerations regarding ways of getting money in and out of the country.
Iran Chamber of Commerce, Industries and Mines
IRI Customs Administration
Ministry of Foreign Affairs
Trade Promotion Organization of Iran
I wish to know if we can export API (bulk drugs) processing machinery like ANFD from India to Iran.