Italy
↔
Iran

Italy-Iran Bilateral Trade Analysis 2023

Complete trade statistics: $810.55M total volume •Italy surplus: $486.00M

Italy → Iran

$648.27M

Exports (2023)

Iran → Italy

$162.27M

Imports (2023)

Trade Balance

$486.00M

Surplus for Italy

Total Trade

$810.55M

Combined Volume

Trade Flow Visualization

Direct trade relationship between Italy and Iran. Green line shows exports from Italy, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Italy-Iran commercial relationship and competitive positioning in global markets.

Italy → Iran Exports

$648.27M
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
2.5% top product
1Turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers)
$16.46M
2.5% of exports
2Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale
$15.75M
2.4% of exports
3Pumps and compressors: for air, vacuum or gas, n.e.c. in heading no. 8414
$14.40M
2.2% of exports
4Taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves
$12.08M
1.9% of exports
5Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations)
$11.16M
1.7% of exports

🎯 Strategic Export Focus

Italy's export portfolio to Iran demonstrates strategic specialization, with turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers) representing a key competitive advantage in this bilateral market.

Iran → Italy Imports

$162.27M
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
11.3% concentration
1Iron: articles of non-malleable cast iron
$18.36M
11.3% of imports
2Vegetable preparations: tomatoes, (other than whole or in pieces), prepared or preserved otherwise than by vinegar or acetic acid
$15.37M
9.5% of imports
3Vegetables: truffles and mushrooms (other than of the genus Agaricus), fresh or chilled
$12.00M
7.4% of imports
4Iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness
$11.37M
7.0% of imports
5Iron or non-alloy steel: semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (other than square) cross-section
$10.51M
6.5% of imports

📦 Import Strategy Analysis

Italy's import pattern from Iran reveals significant dependencyin iron: articles of non-malleable cast iron, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Italy demonstrates competitive strength in exportingturbines: parts of gas turbines (excluding turbo-jets and turbo-propellers) to Iran, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $810.55M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Italy-Iran Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $810.55 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Italy maintains a surplus of $486.00 million
  • Export Focus: Italy's primary exports include turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers), blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale, pumps and compressors: for air, vacuum or gas, n.e.c. in heading no. 8414
  • Import Dependencies: Key imports from Iran include iron: articles of non-malleable cast iron, vegetable preparations: tomatoes, (other than whole or in pieces), prepared or preserved otherwise than by vinegar or acetic acid, vegetables: truffles and mushrooms (other than of the genus agaricus), fresh or chilled

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $810.55M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Italy leveraging its comparative advantages in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers).

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Italy's specialization in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers)complements Iran's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in iron: articles of non-malleable cast iron.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $810.55M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $810.55M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $810.55 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers) and iron: articles of non-malleable cast iron demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Italy's trade surplus of $486.00 million strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale present expansion opportunities.
Market Diversification
Beyond current focus on iron: articles of non-malleable cast iron, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers) may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Italy and Iran represents a total trade volume of $810.55 million in 2023. This partnership demonstrates a favorable trade balance for Italy, with exports exceeding importsby $486.00 million.

Export Strengths

Italy's exports to Iran total $648.27 million, with competitive advantages in turbines: parts of gas turbines (excluding turbo-jets and turbo-propellers), representing $16.46M or2.5% of bilateral exports.

Import Dependencies

Imports from Iran amount to $162.27 million, highlighting economic interdependence in iron: articles of non-malleable cast iron, with Iron: articles of non-malleable cast iron comprising11.3% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Italy's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Italy and Iran in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023