Table of Contents
Overview of Iran oil export by year YoY analysis 2024-2025
Iran oil exports by year increased by US$30.92 million (+71.8%), rising from US$43.05M in 2024 to US$73.97M in 2025, showing stronger but more volatile Iran oil export performance.
Iran oil export YoY change by month (2024 – 2025):
- January: Increased from US$1.54M → US$7.44M (+382.50%)
- February: Slight decrease from US$2.14M → US$2.04M (−4.63%)
- March: Strong increase from US$2.94M → US$11.94M (+305.64%)
- April: Increased from US$3.49M → US$6.55M (+87.73%)
- May: Decreased from US$5.18M → US$3.71M (−28.46%)
- June: Increased from US$2.98M → US$6.20M (+108.18%)
- July: Increased from US$4.70M → US$6.25M (+33.05%)
- August: Increased from US$2.45M → US$3.58M (+46.16%)
- September: Decreased from US$7.71M → US$6.41M (−16.87%)
- October: Strong increase from US$4.33M → US$12.08M (+179.20%)
- November: Decreased from US$3.99M → US$3.50M (−12.28%)
- December: Increased from US$1.60M → US$4.27M (+167.08%)
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Between 2024 and 2025, Iran’s oil export market remained strong despite continued U.S. sanctions and international pressure.
Export volumes increased from around 1.5 million barrels per day (bpd) in 2024 to more than 1.6 million bpd in early 2025, with some months exceeding 1.8 million bpd. This growth shows that Iran successfully maintained high crude shipments into global markets.
Iran oil export by year trend overview from Jan to Dec 2025 (MoM analysis)
From January to December 2025, TradeInt data indicates that Iran oil exports declined overall by about −42.7%, dropping from US$7.44 million in January to US$4.27 million in December.
A key turning point occurred between February and March, where exports fell by 72.52% to US$2.04 million in February, then surged by 484.20% to US$11.94 million in March, marking a sharp reversal in Iran crude oil export activity.
Throughout the year, exports remained highly volatile, peaking at US$12.08 million in October, while the lowest level was recorded in February (US$2.04M).
- January–March: Exports started at US$7.44M in January, dropped sharply to US$2.04M in February (−72.52%), then surged to US$11.94M in March (+484.20%).
→ Trend change: Extreme early-year volatility with a sharp drop followed by a strong rebound.
- April–June: Export values declined to US$6.55M in April (−45.14%) and US$3.71M in May (−43.45%), before recovering to US$6.20M in June (+67.30%).
→ Trend change: Mid-year correction followed by recovery.
- July–September: Exports remained relatively stable at US$6.25M in July (+0.77%), then dropped to US$3.58M in August (−42.76%), before increasing again to US$6.41M in September (+79.28%).
→ Trend change: Alternating fluctuations with short recovery cycles.
- October–December: Export values surged to US$12.08M in October (+88.51%), then dropped sharply to US$3.50M in November (−71.01%), and slightly recovered to US$4.27M in December (+21.78%).
→ Trend change: Late-year spike followed by a sharp correction and partial recovery.
| Month | 2025 Value (US$) | MoM |
|---|---|---|
| January | $7,440,649 | +365.7% |
| February | $2,044,319 | −72.52% |
| March | $11,942,902 | +484.20% |
| April | $6,552,268 | −45.14% |
| May | $3,705,313 | −43.45% |
| June | $6,199,051 | +67.30% |
| July | $6,246,841 | +0.77% |
| August | $3,575,458 | −42.76% |
| September | $6,410,084 | +79.28% |
| October | $12,083,872 | +88.51% |
| November | $3,503,353 | −71.01% |
| December | $4,267,228 | +21.78% |
What are the top 5 Iran oil exports by HS code in 2025 Jan–Dec?
In 2025, light petroleum oils (HS 271012) ranked first among Iran’s top oil export products, with ~US$5.03 billion, followed by petroleum bitumen (HS 271320) at ~US$1.43 billion and non-light petroleum oils (HS 271019) at ~US$791.19 million. This data, verified on TradeInt, has further proven Iran’s continued reliance on refined petroleum products.
🔍Read also: Iran’s oil exports comparison with the top 10 highest-value crude oil exporting countries , including a comprehensive comparison among leading exporters, global shipment trends, and the countries shaping the international oil trade market.
Top 5 Iran oil exports products by HS code in 2025:
- HS 271012 – Petroleum oils; light oils (~US$5.03 billion): The largest segment of Iran crude oil export products, widely used as refined fuel for transportation and industrial energy demand.
- HS 271320 – Petroleum bitumen (~US$1.43 billion): A key petroleum product exported for infrastructure and road construction, maintaining strong demand in regional markets.
- HS 271019 – Petroleum oils; non-light oils (~US$791.19 million): Mid-weight petroleum fuels used mainly for industrial heating, power generation, and heavy fuel applications.
- HS 271119 – Petroleum gases (~US$185.14 million): Hydrocarbon gases exported as feedstock for petrochemical production and energy generation.
- HS 271099 – Waste oils; not containing polychlorinated biphenyls (~US$81.86 million): A smaller export category supporting niche industrial fuel and blended petroleum product demand.
| Rank | Product Category | HS Code | Export Value (USD Billion) | Top 3 Exporters | Market & Trends Importance |
|---|---|---|---|---|---|
| 1 | Petroleum oils and oils from bituminous minerals; light oils | 271012 | $5,026,325,201 |
1. NATIONAL IRANIAN OIL PRODUCTS DISTRIBUTION CO 2. ON BEHALF OF MARFRIG GLOBAL FOODS S A 3. URANOUS TEJARAT GOSTAR ARAS CO |
Light petroleum oils remain a core refined fuel export, supporting transportation and industrial energy demand while generating higher value than raw crude. |
| 2 | Petroleum bitumen | 271320 | $1,427,245,776 |
1. BONJOURE INTERNATIONAL FZCO 2. BONJOURE COMMODITY FZE 3. JAS GENERAL TRADING LLC |
Bitumen remains important as a key material for infrastructure and road construction |
| 3 | Petroleum oils and oils from bituminous minerals; non light oils | 271019 | $791,188,523 |
1. NATIONAL IRANIAN OIL PRODUCTS DISTRIBUTION CO 2. ASRAR AL ZAMAN TRADING CO L L C 3. BAB AL BARSHA TRADING L L C |
These mid-weight petroleum products are widely used for industrial fuel and power generation |
| 4 | Petroleum Gases | 271119 | $185,141,878 |
1. PALAYESHGHAH PARSA FIDAR 2. TOOFAN TARABAR ASIA 3. PALAYESHGHAH ARAK IRAN |
Gas exports diversify Iran’s hydrocarbon revenue base, supplying essential feedstock for power generation and petrochemical production. |
| 5 | Waste Oils; not containing polychlorinated biphenyls (PCBs) | 271099 | $81,860,424 |
1. AFTAB TEJARAT ARCHITECTS 2. BEHNAM SADEGHI KHOSHDEL BUSINESS 3. ABADAN OIL REFINING AND DISTRIBUTION COMPANY |
Supports niche industrial and blended fuel demand, contributing to Iran’s broader petroleum export portfolio. |
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Search the global trade record by HS code, product name, or company nameIn 2025, Iran managed to ship a total of approximately 666.8 million barrels of oil, a significant increase from the previous year. Even after the United Nations reimposed full sanctions in late 2025, Iran’s exports hit new highs, with daily production levels often reaching between 1.6 and 2.2 million barrels.
Market Drivers and Key Players
The primary engine behind these high volumes was China, which purchased over 87% of Iran’s observed shipments. Small, independent Chinese refineries, often called “teapots,” were the most consistent buyers. To keep the oil moving, Iran relied on a massive “shadow fleet” of tankers that used several tricks to hide their activity, such as:
- Flag-hopping: Registering ships in different countries like Panama or the Comoros.
- Ship-to-ship transfers: Moving oil between tankers at sea to hide its origin.
- Rerouting: Sending shipments through hubs like the UAE and Malaysia before they reached their final destination.
Iran oil export by year trend overview from Jan to Dec 2024 (MoM analysis)
From January to December 2024, TradeInt trade data shows that Iran oil exports increased slightly by about +3.6% over the year, rising from US$1.54 million in January to US$1.60 million in December.
During the year, exports peaked at US$7.71 million in September, marking the highest level of Iran crude oil export activity, before declining toward year-end.
- January–March: Exports started at US$1.54M in January, rose to US$2.14M in February (+38.98%), and continued increasing to US$2.94M in March (+37.33%).
→ Trend change: Steady early-year growth shows improving export momentum.
- April–June: Export values climbed to US$3.49M in April (+18.57%) and US$5.18M in May (+48.40%), before dropping sharply to US$2.98M in June (−42.51%).
→ Trend change: Strong growth followed by a sharp correction.
- July–September: Exports rebounded to US$4.70M in July (+57.69%), fell to US$2.45M in August (−47.90%), then surged to US$7.71M in September (+215.18%).
→ Trend change: High volatility with a strong peak in September.
- October–December: Export values declined to US$4.33M in October (−43.89%), slightly decreased to US$3.99M in November (−7.69%), and dropped further to US$1.60M in December (−59.99%).
→ Trend change: Year-end decline indicates weakening Iran crude oil export activity.
| Month | Iran oil export 2024 Value (US$) | MoM (%) |
|---|---|---|
| January | $1,542,289 | +30.98% |
| February | $2,143,504 | +38.98% |
| March | $2,943,615 | +37.33% |
| April | $3,490,234 | +18.57% |
| May | $5,179,488 | +48.40% |
| June | $2,977,710 | −42.51% |
| July | $4,695,538 | +57.69% |
| August | $2,446,493 | −47.90% |
| September | $7,710,746 | +215.18% |
| October | $4,326,405 | −43.89% |
| November | $3,993,789 | −7.69% |
| December | $1,597,743 | −59.99% |
What are the top Iran oil exports by HS Code in 2024?
Based on TradeInt trade data, Iran’s total oil exports in 2024 reached US$43.05 million. The export structure was dominated by light petroleum oils (HS 271012) at US$16.18 billion, followed by petroleum bitumen (HS 271320) at US$11.89 billion, and non-light petroleum oils (HS 271019) at US$2.73 billion. This highlights Iran’s strong export concentration in refined petroleum fuels and infrastructure-related energy products, reinforcing the country’s role as a significant supplier in regional and global oil trade.
Iran top 5 oil exports by HS code in 2024:
- HS 271012 – Petroleum oils; light oils (~US$16.18 billion): The largest segment of Iran crude oil export products, widely used as refined transportation fuel and industrial energy sources.
- HS 271320 – Petroleum bitumen (~US$11.89 billion): A key petroleum product used in infrastructure and road construction, making it one of Iran’s most valuable oil-related exports.
- HS 271019 – Petroleum oils; non-light oils (~US$2.73 billion): Mid-weight petroleum fuels commonly used for industrial heating, heavy fuel applications, and power generation.
- HS 271119 – Petroleum gases (~US$762 million): Hydrocarbon gases exported as feedstock for petrochemical processing and energy production.
- HS 271113 – Other gaseous hydrocarbons (~US$104 million): Smaller-scale gas exports supporting specialized petrochemical and industrial fuel demand.
| Rank | Product Category | HS Code | Export Value (USD Billion) | Top 3 Exporters | Market & Trends Importance |
|---|---|---|---|---|---|
| 1 | Petroleum oils and oils from bituminous minerals; light oils | 271012 | $16,179,947 |
1. PETRO PLAYESH IRAN 2. PETRO PLAYSH 3. PETRO SHIMI |
Light petroleum oils remain a core refined fuel export, supporting transportation and industrial energy demand while generating higher value than raw crude. |
| 2 | Petroleum bitumen | 271320 | $11,890,117 |
1. BONJOURE COMMODITY FZE 2. ALSEERAH TRADING L L C 3. JAS GENERAL TRADING LLC |
Bitumen remains important as a key material for infrastructure and road construction |
| 3 | Petroleum oils and oils from bituminous minerals; non light oils | 271019 | $2,729,468 |
1. TRADEX UNIVERSAL EXPORT 2. EXECUTIVE ZONE TRADING L L C 3. BAB AL BARSHA TRADING L L C |
These mid-weight petroleum products are widely used for industrial fuel and power generation |
| 4 | Petroleum Gases | 271119 | $762,083 |
1. PLAYESHAGH FARSA FIDAR 2. TOOFAN TARABAR ASIA 3. PALAYSHGAH ARAK IRAN |
Gas exports diversify Iran’s hydrocarbon revenue base, supplying essential feedstock for power generation and petrochemical production. |
| 5 | Petroleum gases and other gaseous hydrocarbons | 271113 | $104,545 |
1. XI HOLDING GROUP CO LIMITED 2. XINTAI XINLONG PLASTIC WOVEN CO LIMITED 3. HANSUNG ENTERPRISE CO LTD |
Supports niche fuel and petrochemical feedstock demand, diversifying Iran’s hydrocarbon export mix. |
Dive deeper into TradeInt’s expert analysis of Iran’s oil export in 2025.
In 2024, Iran’s oil export reached a total export of around 587 million barrels, representing a 10.75% increase compared with the previous year. This growth was supported by steady global demand and Iran’s ability to adjust its export logistics and shipping networks.
A key feature of the market was China’s overwhelming dominance as the main buyer. China imported about 91% of Iran’s oil exports, marking the sixth consecutive year it remained Iran’s largest export destination. Much of this demand came from independent “teapot” refineries in Shandong, which rely on discounted crude supplies.
Which Iran oil export products by HS code surged/dropped from 2024-2025?
From 2024 to 2025, HS 271012 – light petroleum oils saw the largest increase, rising by ~US$5.01B (+30,900%), making it the main driver of Iran crude oil export growth.
This was followed by HS 271320 – petroleum bitumen, which grew by ~US$1.42B (+11,900%), and HS 271019 – non-light oils, increasing by ~US$788M (+28,800%). Meanwhile, HS 271119 – petroleum gases also expanded by ~US$184M (+24,000%).
In terms of structure, HS 271113 exited the top exports, replaced by HS 271099 (waste oils), indicating a slight diversification in Iran’s petroleum export mix.
Iran oil export products by HS code that surged the most:
- HS 271012 – Petroleum oils; light oils: increased from ~US$16.18M (2024) to ~US$5.03B (2025), a rise of over US$5.01B, remaining the dominant export category.
- HS 271320 – Petroleum bitumen: grew from ~US$11.89M to ~US$1.43B, showing a sharp increase driven by infrastructure demand.
- HS 271019 – Petroleum oils; non-light oils: expanded from ~US$2.73M to ~US$791M, reflecting higher exports of mid-weight fuels.
- HS 271119 – Petroleum gases: rose from ~US$762K to ~US$185M, indicating increased demand for gas-based petrochemical inputs.
Export structure change:
- HS 271113 – Other gaseous hydrocarbons (~US$104K in 2024)dropped out of the top export list. It was replaced by HS 271099 – Waste oils (~US$81.86M in 2025), showing slight diversification in Iran’s petroleum export mix.
Overall, Iran crude oil export products shifted from low-value shipments in 2024 to significantly higher-value exports in 2025, with refined petroleum products—especially light petroleum oils (HS 271012)—continuing to dominate the export structure.
Conclusion
Between 2024 and 2025, Iran oil exports by year increased by US$30.92 million (+71.8%), rising from US$43.05 million in 2024 to US$73.97 million in 2025, based on TradeInt trade data.
Monthly export values in 2024 ranged between US$1.54M and US$7.71M, while 2025 expanded to a higher range of US$2.04M–US$12.08M, with peaks in February (US$12.08M) and March (US$11.94M). Overall, the data shows a shift from lower, more stable export levels in 2024 to higher but more volatile Iran crude oil export activity in 2025.
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FAQ
1. How much oil does Iran export in 2025?
Based on TradeInt export data, Iran exported about US$73.97 million worth of oil in 2025, with monthly export values ranging from US$2.04 million to US$12.08 million.
At a broader market level, TradeInt’s global dataset also shows Iran’s total oil export value reached around US$7.7 billion in 2025, reflecting strong and sustained Iran crude oil export activity despite fluctuations in monthly shipments.
2. How much oil does Iran export in 2024?
Iran exported about US$43.05 million worth of oil in 2024, based on TradeInt data. Monthly exports ranged from US$1.54M to US$7.71M, showing moderate fluctuations in Iran crude oil export activity.
3. Who are the top 3 Iran's biggest oil buyers?
The top three buyers of Iranian oil are China, the United Arab Emirates (UAE), and Oman. China is by far the largest importer, purchasing around 80–90% of Iran’s crude oil exports, mainly through independent refineries attracted by discounted Iranian crude.
