Imports in Iran

Iran Imports | Economic News & Forecasts

Iran - Imports

The economy likely languishes in recession, as U.S. sanctions have reduced oil exports significantly and put pressure on the exchange rate, causing inflation to surge and hurting consumers’ purchasing power. According to OPEC data, crude oil production stabilized at the onset of this year but was still down markedly from last year’s average. Moreover, there is still considerable uncertainty over the possibility of extensions to U.S. waivers on some Iranian oil exports, which are set to expire in May. This uncertainty will likely keep oil exports subdued in the coming weeks. In late March, the country was hit by extreme flash floods; although they caused severe short-term economic disruption, key oil pipelines were reportedly unscathed.

Iran - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)63.6  70.9  57.6  63.1  -     

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Iran Imports Chart

Iran Imports
Note: Imports (USD billion)
Source: Central Bank of Iran.

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