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Pricing

2022
Flag → Flag
Exports $280MRnk 56 / 215
2022
Flag → Flag
Top Product $269MSoybeans
2022
Flag → Flag
Exports $25.3MRnk 34 / 127
2022
Flag → Flag
Top Product $6.01MOther Nuts
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Canada-Iran Trade: In 2022, Canada exported $280M to Iran. The main products that Canada exported to Iran were Soybeans ($269M), Other Inedible Animal Products ($3.68M), and Other Plastic Products ($1.35M). Over the past 5 years the exports of Canada to Iran have increased at an annualized rate of 16%, from $133M in 2017 to $280M in 2022.

In 2020, Canada exported services to Iran worth $283M, with Travel ($283M) being the largest in terms of value.

Iran-Canada Trade: In 2022, Iran exported $25.3M to Canada. The main products that Iran exported to Canada were Other Nuts ($6.01M), Tropical Fruits ($3.99M), and Grapes ($1.87M). Over the past 5 years the exports of Iran to Canada have decreased at an annualized rate of 4.61%,  from $71.6M in 2017 to $25.3M in 2022.

In 2022, Iran did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$1.53M and imported C$3.41M from Iran, resulting in a negative trade balance of C$1.88M. Between June 2023 and June 2024 the exports of Canada have increased by C$509k (50%) from C$1.02M to C$1.53M, while imports increased by C$1.18M (52.8%) from C$2.23M to C$3.41M.

Trade In June 2024, the top exports of Canada to Iran were Soybeans (C$109M), Other Inedible Animal Products (C$489k), Laboratory Reagents (C$442k), Other Edible Preparations (C$309k), and Glands and Other Organs (C$264k). In June 2024 the top imports of Canada from Iran were Other Nuts (C$1.05M), Tropical Fruits (C$499k), Grapes (C$240k), Dried Fruits (C$209k), and Spices (C$191k).

Origins In June 2024 the exports of Canada were mainly from Ontario (C$1.34M), Saskatchewan (C$174k), and Quebec (C$15.1k), while imports destinations were mainly Ontario (C$2.36M), Quebec (C$654k), British Columbia (C$390k), and Alberta (C$6.52k).

Growth In June 2024, the increase in Canada's year-by-year exports to Iran was explained primarily by an increase in product exports in Soybeans (C$23.9M or 28%), Laboratory Reagents (C$415k or 1.51k%), and Other Edible Preparations (C$294k or 1.92k%). In June 2024, the increase in Canada's year-by-year imports  from Iran was explained primarily by an increase in product imports  in Other Nuts (C$311k or 42.5%), Spices (C$148k or 339%), and Dried Fruits (C$142k or 214%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)C$509k(50%)
IMPORT GROWTH (June 2023 - June 2024)C$1.18M(52.8%)
MAIN EXPORTER (June 2024)OntarioC$1.34M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Iran and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $280M to Iran. The main products exported from Canada to Iran were Soybeans ($269M), Other Inedible Animal Products ($3.68M), and Other Plastic Products ($1.35M). During the last 5 years the exports of Canada to Iran have increased at an annualized rate of 16%, from $133M in 2017 to $280M in 2022.

In 2017, Iran exported $25.3M to Canada. The main products exported from Iran to Canada were Other Nuts ($6.01M), Tropical Fruits ($3.99M), and Grapes ($1.87M). During the last 5 years the exports of Iran to Canada have decreased at an annualized rate of 4.61%, from $71.6M in 2022 to $25.3M in 2017.

Exports from Canada (Flag) to Iran (Flag) (2022)

Exports from Iran (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Iran
Top DestinationChina$5.72B

This map shows whether countries import more from Canada or Iran. Each country is colored based on the difference in imports they receive from Canada and Iran or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Iran included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Iran than Canada included Turkey ($3.17B), Kuwait ($960M), and Armenia ($557M).

Difference in imports from Iran (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Iran

Flow
Scale

This chart compares trade between Canada and Iran by product, considering products traded by both, Canada and Iran.

During 2022, Canada had a large net trade with Iran in the exports of Vegetable Products ($269M), Animal Products ($4.06M), and Chemical Products ($2.72M).

During 2017, Iran had a large net trade with Canada in the exports of Vegetable Products ($15.1M), Foodstuffs ($3.5M), and Machines ($1.85M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Iran+$2MPackaged Medicaments
Top Product Potential Iran Canada+$3.83MOther Nuts

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Iran. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Iran (Flag) (2022)

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