Finance
Factbox-Iran's trading partners that face 25% US tariffs
Published by Global Banking and Finance Review
Posted on January 13, 2026
Factbox-Iran's trading partners that face 25% US tariffs
Overview of US Tariffs on Iran's Trading Partners
Jan 13 (Reuters) - U.S. President Donald Trump on Monday said any country that does business with Iran will face a 25% tariff on trade with the U.S., as Tehran grapples with its most substantial anti-government protests in years.
China's Role in Iran's Trade
Iran, a member of the OPEC oil producers group, exported products to 147 trading partners in 2022, according to the most recent data from the World Bank.
India's Trade with Iran
Its top trade partners include China, other countries in East Asia, Iraq, the United Arab Emirates, Turkey and Germany.
Turkey's Trade Relations with Iran
Fuel is Iran's biggest export item by value, while major imports include intermediate goods, vegetables, machinery and equipment.
Germany and Iran's Trade Dynamics
CHINA
Other Notable Trading Partners
China is Iran's largest trading partner. Iranian exports to China amounted to $22 billion in 2022, with fuels accounting for more than half of the total, according to the World Bank. Imports from China stood at $15 billion.
In 2025, China bought more than 80% of Iran's shipped oil, according to data from Kpler, an analytics firm. Iranian oil has a limited pool of buyers because of U.S. sanctions that seek to cut off funding to Tehran's nuclear programme.
INDIA
India's total bilateral trade with Iran stood at $1.34 billion for the first 10 months of 2025, according to India's commerce ministry. Major Indian exports to Iran include basmati rice, fruits, vegetables, drugs and other pharmaceutical products.
TURKEY
Iran's exports to Turkey hit $5.8 billion in 2022, with imports amounting to $6.1 billion, according to the World Bank.
GERMANY
Iran's exports to Germany stood at $178 million in 2022, while imports totalled $1.9 billion.
SOUTH KOREA
South Korea's exports to Iran between January and November 2025 were marginal at $129 million, while imports stood at $1.6 million during the same period, according to data from the Korea International Trade Association.
JAPAN
Japan imported modest amounts of fruit, vegetables and textiles from Iran and shipped some machinery and vehicle engines there, according to the latest trade data from Japan that goes through November 2025.
(Reporting by Jihoon Lee, Heekyong Yang, John Geddie, Shubham Kalia, Akanksha Khushi; Compiled by Miyoung Kim)
Frequently Asked Questions about Factbox-Iran's trading partners that face 25% US tariffs
1What is foreign currency?
Foreign currency refers to any currency that is not the domestic currency of a country. It is used in international transactions and can fluctuate in value.
2What are trading partners?
Trading partners are countries or entities that engage in trade with one another, exchanging goods and services to benefit their economies.
3What is economic growth?
Economic growth is an increase in the production of goods and services in an economy over time, often measured by the rise in Gross Domestic Product (GDP).
