Iran, a country rich in history, culture and natural resources, has long been known for its excellent products spanning various industries. From delicious Persian rugs to fine saffron, Iran offers a wealth of goods that have found their way to markets around the world, including India. In recent years, the demand for Iranian products in India has been increasing due to their quality, uniqueness and cultural appeal. Let’s look at its different types Iranian products Making their mark in the Indian market.
trade between iran and india
In Financial year 2018-19Strength seen in India and Iran Bilateral trade growth 23.7%, at the peak 17.03 billion US dollars, fueled mainly by mineral oil and fuel imports. However, the trend reversed sharply after the post May 2019 Following the expiration of US oil approval waivers, the decline Bilateral trade up to US$4.77 billion in FY20. This decline has significantly affected India’s exports to Iran. Fell 42% to US$2.2 billion in 2020, With exports and halving US$100.20 million by January 2021Concerns about depleting rupee reserves and payment delays have heightened trade challenges between the two countries.
Iranian products imported into India
Iran’s exports to India include a wide variety of products ranging from organic chemicals to mineral fuels and edible fruits. This comprehensive list highlights important trade relations between the two countries:
- Organic chemicals
- Mineral fuels, oils, distillation products
- Edible fruits, nuts, citrus peels, melons
- miscellaneous chemical products
- Salt, Sulphur, Clay, Stone, Plaster, Lime and Cement
- plastic
- Coffee, Tea, Friends and Spices
- fertilizer
- Lacquer, Gum, Resin
- electrical, electronic equipment
- Milling Products, Malt, Starch, Inline, Wheat Gluten
- glass and glassware
- inorganic chemicals, precious metal compounds, isotopes
- Oilseeds, Oily Fruits, Cereals, Seeds, Fruits
- Raw hides and skins (other than furskin) and leather
- machinery, nuclear reactor, boiler
- Wool, animal hair, horsehair yarn and cloth
- Vegetable, Fruit, Nut Meal Preparation
- Vehicles other than railways, tramways
- Live trees, plants, bulbs, roots, cut flowers
List of products exported from India to Iran
India’s exports to Iran include a wide variety of commodities ranging from agricultural products such as rice and sugar to industrial goods such as machinery and chemicals. This comprehensive list outlines the important trade partnerships between the two countries:
- semi/fully milled rice
- black tea
- fertilizer
- Organic/Inorganic/Agrochemicals
- Machinery and Equipment
- Metals, primary and semi-finished iron and steel
- pharmaceutical and fine chemicals
- processed minerals
- polyester yarn and woven fabric
- rubber manufactured products
- Sugar
- barley
- Sesame seeds
- cane sugar
- oil cake
- electrical, electronic equipment
- Vehicles other than railways, tramways
- plastics and plastic articles
- Optical, Photo and Technical Equipment
- animal vegetable fats and oils
- ceramic products
- pearls and precious stones
