Countries targeted in Iran sanctions
The economic sanctions imposed by U.S. President Donald Trump on Iran have led to a sharp decline in trade with several countries. China, Iran's largest trading partner, accounted for more than a quarter of Tehran's foreign trade, with imports from Iran reaching $14.5 billion and exports to Iran totaling $18 billion in 2024, focusing mainly on hydrocarbons and chemicals. Turkey imported goods from Iran worth $5.6 billion and exported $7.91 billion to Iran during the last ten months of 2025. Russia imported $930 million worth of goods from Iran and exported $1.36 billion to Iran. In contrast, trade with India decreased significantly, with its imports from Iran dropping from $17 billion to $1.7 billion, despite continued Iranian oil imports at an average rate of about 276,000 barrels per day. Additionally, Iran’s exports to some countries such as Sri Lanka, Japan, and the Philippines saw an increase, while its imports from Iran decreased substantially or halted altogether after the sanctions were imposed.
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