India / Iran

Overview In February 2024, India exported $121M and imported $54.4M from Iran, resulting in a positive trade balance of $66.9M. Between February 2023 and February 2024 the exports of India have increased by $26M (27.2%) from $95.3M to $121M, while imports decreased by $-11.9M (-17.9%) from $66.3M to $54.4M.

Trade In February 2024, the top exports of India to Iran were Rice -Basmoti ($83.5M), Organic Chemicals ($6.03M), Tea ($6M), Fresh Fruits ($5.22M), and Groundnut ($2.7M). In February 2024 the top imports of India from Iran were Dye Intermediates ($33.3M), Petroleum Products ($20M), Fresh Fruits ($12M), Bulk Minerals And Ores ($403k), and Other Commodities ($376k).

Growth In February 2024, the increase in India's year-by-year exports to Iran was explained primarily by an increase in product exports in Sugar ($1.69M or 505%), Groundnut ($1.51M or 126%), and Drug Formulations, Biologicals ($929k or 238%). In February 2024, the decrease in India's year-by-year imports  from Iran was explained primarily by an decrease in product imports  in Fresh Fruits ($-6.3M or -34.5%), Cmnt, Clinkr And Asbstos Cmnt ($-2.12M or -96%), and Glass And Glassware ($-780k or -98.3%).