Iran Oil Exports By Year 2026 Market Overview & Trends

Iran's export performance shows a strong upward trend. Between 2020 and 2022, export value surged from $10.03 billion to over $45.38 billion. Total quantity exported also increased significantly, reaching over 68.8 billion units in 2022, reflecting robust growth in both trade volume and market value over the three-year period.

The 2022 export landscape is dominated by Other Asia, nes and China, with import values of $13.02 billion and $12.67 billion respectively. Unspecified destinations also account for a significant $11.62 billion. These three categories represent the vast majority of Iran's export reach, followed by the United Arab Emirates and Turkey.

Among emerging markets, Unspecified destinations show the highest growth rate at 3.66. China and the United Arab Emirates follow with steady growth. Oman also emerges as a notable partner with a 0.32 growth rate, indicating a diversifying portfolio of trade partners with increasing demand for Iranian exports in 2022.

Petroleum crude oil remains the flagship export product, valued at $22.48 billion in 2022. Petroleum ether follows significantly at $12.03 billion. Other key contributors include Propane, LNG, and liquefied butanes, which together reinforce the energy sector's dominant role in Iran's total export composition.