Market profile

Iran is a significant regional economy with a large population (79.5 million in 2016), GDP of around US$400 billion, and some of the world's largest oil and gas reserves.

The lifting of many of Australia’s autonomous sanctions on Iran in January 2016 offers new opportunities for Australian business. Austrade considers the following sectors offer early export prospects for Australia:

  • agricultural products – especially wheat, barley and sheep meat
  • mining and resources – equipment, technology and services
  • healthcare and wellbeing
  • water sustainability and management
  • education and skills training.

More information on doing business in Iran

Facts

  • Imports from Iran A$175 million
  • Exports to Iran A$219 million
  • Capital Tehran
  • Official Language Farsi (Persian)
  • Area 1,648,000 sq km
  • Population 80.5 million

Country information provided by DFAT

Country brief

A comprehensive overview of political, economic and bilateral and regional trade agreements.

» read more at DFAT

Trade and economic fact sheet

Containing general information, recent economic indicators, Australia’s trade and investment relationship with Iran and their global merchandise trade relationship that is updated twice a year.

» read more at DFAT

Smartraveller

The Department of Foreign Affairs and Trade’s Smartraveller site provides advice for business travellers and tourists going to Iran. This is regularly updated and should be checked before planning travel.

» read more at DFAT

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