Key Market Indicators
Iranian imports of electrical equipment are expected to reach nearly $6 billion by 2026, growing at an average rate of 1.8% year on year. Since 2002, Iranian demand has increased by an average of 3.2% each year. In 2021, Iran was ranked 46th in the world, behind Morocco, which imported $5.3 billion. The United States, Germany and Singapore ranked second, third and fourth respectively. Exports of electrical equipment from Iran are projected to reach $351 million by 2026, increasing by an average of 0.8% year on year. Since 2002, Iranian supply has grown by 2% annually. In 2021, Iran was 68th in the world, behind El Salvador, which exported $334 million. South Korea, the United States and Germany were ranked second, third and fourth.