Imports in Iran

Iran Imports (%) | Economic News & Forecasts

Iran - Imports (percent change)

The economy likely continued to shrink severely in recent months, undermined by U.S. economic sanctions and Covid-19. A steady rise in daily new cases of the virus since May forced the government to reintroduce lockdown measures in seven major cities in late June, which, coupled with the rial sinking to an all-time low in recent weeks, should be fueling inflation and thus battering private consumption. Moreover, oil production continued to contract notably in May and energy exports likely remained severely depressed in large part due to weak Chinese demand. That being said, gasoline exports have likely picked up in recent weeks, as shortages in Venezuela led to a rise in demand for Iran’s U.S.-sanctioned gasoline. Consequently, tensions with the U.S. have increased, which could lead to even harsher economic sanctions going forward.

Iran - Imports (%) Data

2015   2016   2017   2018   2019  
Imports (annual variation in %)-18.7  9.5  19.7  -19.6  -     

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