US tariffs on Iran to have limited impact on India, Centre reassures exporters
India’s total trade with Iran stood at around $1.6 billion last year, a small fraction of Iran’s overall import basket of nearly $68 billion in 2024. In comparison, Iran’s largest import partners include the UAE ($21 billion), China ($17 billion), Turkiye ($11 billion) and the European Union ($6 billion), highlighting India’s modest share in Tehran’s trade ecosystem.
India’s total trade with Iran stood at around $1.6 billion last year, a small fraction of Iran’s overall import basket of nearly $68 billion in 2024. In comparison, Iran’s largest import partners include the UAE ($21 billion), China ($17 billion), Turkiye ($11 billion) and the European Union ($6 billion), highlighting India’s modest share in Tehran’s trade ecosystem.
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