Key Highlights:

• The Chabahar Port project reflects the infrastructure connections between Iran and India.

• The HSN code of products present in the blog is the chapter code of the product-category.

• The export, import, and trade flow data provided is for FY 2024.

• The total export value of the top five products exported from India to Iran was valued at $642.885M.

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For centuries, India and Iran have shared a bond and support beyond geography. Its bond is stitched through history, cultures, and trade routes that have not only goods but also ideas and traditions between the Persian and Indian cultures, to the keen influence of the Persian (Iranian) language, art, and architecture in India. The relation between the two nations has been both deep and has evolved with time. This historical bond has molded a connection built on cultural enrichment, mutual respect, and calculated steps.

In the modern era, the India-Iran alliance has evolved beyond ancient ties into a relationship of significant geopolitical and economic importance. Iran stands as a vital gateway connecting India to Central Asia and beyond, while also playing a crucial role in India’s energy security and regional connection ambitions. Projects such as the development of Chabahar Port symbolize not just infrastructure connections but also a shared vision to expand trade, strengthen regional cooperation, and encourage economic growth across Asia.

Let’s dive deep into the export, import, and trade flow from India to Iran:

The Top 5 Products Exported From India To Iran:

 

In FY 2024, India's exports to Iran were primarily related to agriculture and food products. Among these, the export of cereals is valued at $414. 26 million and was the top export item, followed by residues and waste from food industries, including animal fodder, valued at $126.54 million. Other exports also play a significant role, and those are edible fruits and nuts valued at $44.05 million, coffee, tea, mate, and spices valued at $39.10 million, and machinery and mechanical appliances, including boilers and reactors, valued at $18.422M.

The Top 5 Products Imported From Iran To India:

 

In FY 2024, India’s imports from Iran were primarily focused on chemicals, agricultural goods, and natural resources. Organic chemicals have the largest value share of $200.75 million, followed by edible fruits and nuts worth around $166.90 million. Other key imports include mineral fuels and oils valued at $48.43 million, salt, sulphur, and construction-related minerals at $27.10 million, and inorganic chemical compounds valued at $19.56 million. Together, these imports bring light to Iran’s role as a supplier of chemical products and important raw materials to India.

Trade Flow From India To Iran:

In FY 2024 INDIA saw its trade surplus with IRAN go up by about 15% to $194.337M from $168.381M in FY 2023. While the country reported the biggest trade deficits in FY 2024, the biggest trade surpluses were recorded, respectively.

In A Nutshell

The India-Iran trade relationship shows a good exchange of agricultural products, chemicals, and natural resources, thus creating a good trade surplus for India in FY 2024. To explore new markets, exporters need information, which is possible with the help of The Dollar Business, as they provide valuable insights to exporters through detailed information, helping them make better decisions to expand their global trade activities.

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Frequently Asked Questions (FAQs)

1. What are the top 3 products exported from India to Iran?
The top 3 products are cereals, valued at $414.264M, followed by residues and waste from the food industries and prepared animal fodder, with a shared value of $126.540M, and edible fruit, nuts, and the peel of citrus fruits or melons, valued at $44.059M.

2. What is the ancient name of Iran?
Persia was the ancient name of Iran, most famous in the West.

3. In FY 2024, india witnessed what percent of trade surplus?
In FY 2024 INDIA saw its trade surplus with IRAN go up by about 15% to $194.337M from $168.381M in FY 2023.

4. How to find reliable importers in Iran?
By using Trade statistics, AI, and previous shipment records can be used to find reliable Iranian importing companies can be found through trusted trade data intel partners such as The Dollar Business.

5. Which Iranian product has high demand in Indian market?
Cereals have a high demand in the indian market with the shared value of $414.264M.

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