Iran was traditionally a trading partner of Western economies. Even post-revolutionary Iran relied more on trade with Western rather than Eastern partners or developing countries. However, in the past few years, stringent sanctions imposed by Western governments, as well as the growth of Eastern trading partners, have changed Iran's trading patterns. This article will take a closer look at two important trends: the transformation of Iranian exports and the changes in Iran’s trading partners.
The included table summarizes the country's trade statistics over the past two Iranian calendar years, plus a projection for the current Iranian calendar year, which ends on March 20, 2014.
