Country exposure · IR

Iran
Middle East · Tehran · theocratic republic
What Iran means for your money — the prices you pay, the tariffs in motion, and where U.S. policy could change both.

$1M
U.S. imports, 2025
-77.7%
change in one year
$59M
U.S. exports, 2025
89M
Population
$436.9B
GDP
In your house
What you buy that Iran makes
America bought $1M in goods from Iran in 2025 — down 77.7% in a single year. Of every $100 of it, here's where the money went.
Artwork, antiques, stamps, etc.
Books, printed matter
books and printed materials
U.s. goods returned, and reimports
Alcoholic beverages, excluding wine
spirits and liquor
Rugs
rugs
Apparel, textiles, nonwool or cotton
synthetic and performance apparel
Cell phones and other household goods, n.e.c.
cell phones and home electronics
2026 so far (through April): $438K in imports. Source: U.S. Census Bureau, International Trade in Goods (customs basis).
The other direction
What America sells to Iran
$59M in 2025 — a trade rupture cuts both ways, for American producers as well as American prices.
Pharmaceutical preparations
$26Mmedicines and pharmacy items
Medicinal equipment
$12Mmedical devices and equipment
Laboratory testing instruments
$6MCell phones and other household goods, n.e.c.
$5Mcell phones and home electronics
Chemicals-other
$3MAgric. farming-unmanufactured
$2MOther industrial supplies
$1MToiletries and cosmetics
$1Mtoiletries and cosmetics
Hides and skins
$781KWhere you stand
U.S. tariff posture toward Iran
No U.S. tariff action singles this country out. Its goods face the universal 10% temporary import surcharge under Section 122 of the Trade Act (which replaced the IEEPA reciprocal baseline in February 2026) plus the sectoral Section 232 duties — steel and aluminum at 50% — that apply to all countries. The Section 122 surcharge is statutorily temporary — scheduled to lapse on or about July 23, 2026 (a 150-day cap) unless extended or replaced.
Reciprocal tariff (universal baseline)
10%
The universal 10% floor — a Section 122 import surcharge since February 2026, previously the EO 14257 reciprocal baseline — applies to nearly all U.S. imports. This country has no higher assigned rate of its own.
Policy in motion
Tariff status: a moving target
No U.S. tariff action names Iran. These are the universal measures — applied to every country without a country-specific arrangement — that set its treatment.
2026-04-06
Section 232 metals coverage expanded
In effectThe April 2026 proclamation strengthening Section 232 actions on aluminum, steel, and copper expanded derivative-product coverage for all countries, keeping the general metals rate at 50%.
91 FR 18201 →2026-02-24
IEEPA reciprocal tariffs terminated — replaced by 10% Section 122 surcharge
In effectExecutive Order 14389 (Ending Certain Tariff Actions) terminated the IEEPA tariff duties — including the EO 14257 reciprocal baseline — effective February 24, 2026. A flat 10% Section 122 temporary import surcharge (Proclamation 11012 of February 20, 2026) replaced them, leaving the universal rate unchanged at 10% on a different statutory basis. Section 122 caps such surcharges at 150 days, so this 10% surcharge is scheduled to lapse on or about July 23, 2026 absent further action (the administration has signaled it could raise the rate toward the 15% statutory maximum).
91 FR 9437 →2025-11-13
Agricultural products exempted from reciprocal tariffs
In effectExecutive Order 14360 of November 14, 2025 removed reciprocal duties from certain agricultural products listed in its annexes (coffee, cocoa, bananas, and other goods the U.S. does not produce in sufficient quantity), retroactive to November 13, 2025 — for all countries subject to the reciprocal tariff.
90 FR 54091 →2025-06-04
Section 232 steel and aluminum duties doubled to 50%
In effectThe June 3, 2025 proclamation raised Section 232 duties on steel and aluminum articles and derivatives from 25% to 50% for all countries, effective June 4, 2025.
90 FR 24199 →2025-04-05
Universal 10% reciprocal baseline takes effect
In effectExecutive Order 14257 (signed April 2, 2025) imposed a 10% ad valorem reciprocal duty on imports from all trading partners, effective April 5, 2025. Countries without a higher Annex I rate remain at this baseline.
Federal Register · 2025-06063 →2025-03-12
Section 232 steel and aluminum duties set at 25% for all countries
In effectProclamations of February 10, 2025 terminated all country exemptions and quota arrangements and applied 25% Section 232 duties to steel and aluminum imports from every country, effective March 12, 2025.
90 FR 9817 →
Go deeper
The supply chain view
Iran sits upstream of 19 essential American goods through 12 tracked inputs.
mineral
10%Gypsum (Natural & Synthetic FGD)
mineral
8%Elemental Sulfur (from Oil/Gas Processing)
energy
8%Bitumen / Asphalt Binder
energy
7%Natural Gas (Roasting Fuel)
energy
7%Natural Gas (Pipeline-Grade, >95% Methane)
energy
6%Natural Gas (Extrusion & Retort Energy)
Reference
The country itself
Middle East · Geography, people, economy, and government — public-domain data from the CIA World Factbook.
Known as Persia until 1935, Iran became an Islamic republic in 1979 after the ruling monarchy was overthrown and Shah Mohammad Reza PAHLAVI was forced into exile. Conservative clerical forces led by Ayatollah Ruhollah KHOMEINI established a theocratic system of government with ultimate political authority vested in a religious scholar known as the Supreme Leader, who is accountable only to the Assembly of Experts -- an elected 88-member body of clerics. US-Iran relations became strained when Iranian students seized the US Embassy in Tehran in November 1979 and held embassy personnel hostage until mid-January 1981. The US cut off diplomatic relations with Iran in April 1980. From 1980 to 1988, Iran fought a bloody, indecisive war with Iraq that eventually expanded into the Persian Gulf and led to clashes between US Navy and Iranian military forces. Iran has been designated a state sponsor of terrorism since 1984. After the election of reformer Hojjat ol-Eslam Mohammad KHATAMI as president in 1997 and a reformist Majles (legislature) in 2000, a political reform campaign in response to popular dissatisfaction was initiated, but conservative politicians blocked reform measures while increasing repression. Municipal and legislative elections in 2003 and 2004 saw conservatives reestablish control over Iran's elected government institutions, culminating in the 2005 inauguration of hardliner Mahmud AHMADI-NEJAD as president. His reelection in 2009 sparked nationwide protests over allegations of electoral fraud, and the protests persisted until 2011. In 2013, Iranians elected to the presidency centrist cleric Dr. Hasan Fereidun RUHANI, a longtime senior regime member who promised to reform society and foreign policy. In 2019, Tehran's sudden decision to increase the gasoline price sparked nationwide protests, which the regime violently suppressed. Conservatives won the majority in Majles elections in 2020, and hardline cleric Ebrahim RAISI was elected president in 2021, resulting in a conservative monopoly across the regime's elected and unelected institutions. Iran continues to be subject to a range of international sanctions and export controls because of its involvement in terrorism, weapons proliferation, human rights abuses, and concerns over the nature of its nuclear program. Iran received nuclear-related sanctions relief in exchange for nuclear concessions under the Joint Comprehensive Plan of Action's (JCPOA) Implementation Day beginning in 2016. However, the US reimposed nuclear-related sanctions on Iran after it unilaterally terminated its JCPOA participation in 2018. In October 2023, the EU and the UK also decided to maintain nuclear-proliferation-related measures on Iran, as well as arms and missile embargoes, in response to Iran's non-compliance with its JCPOA commitments. As president, RAISI has concentrated on deepening Iran's foreign relations with anti-US states -- particularly China and Russia -- to weather US sanctions and diplomatic pressure, while supporting negotiations to restore a nuclear deal that began in 2021. RAISI contended with nationwide protests that began in September 2022 and persisted for over three months after the death of a Kurdish Iranian woman, Mahsa AMINI, in morality police custody. Young people and women led the protests, and demands focused on regime change.

Geography
- Location
- Middle East, bordering the Gulf of Oman, the Persian Gulf, and the Caspian Sea, between Iraq and Pakistan
- Area
- 1,648,195 sq km
- Climate
- mostly arid or semiarid, subtropical along Caspian coast
- Terrain
- rugged, mountainous rim; high, central basin with deserts, mountains; small, discontinuous plains along both coasts
- Natural resources
- petroleum, natural gas, coal, chromium, copper, iron ore, lead, manganese, zinc, sulfur
- Coastline
- 2,440 km
- Natural hazards
- periodic droughts, floods; dust storms, sandstorms; earthquakes
People & society
- Population
- 89,177,357 (2025 est.)
- Nationality
- Iranian(s)
- Ethnic groups
- Persian, Azeri, Kurd, Lur, Baloch, Arab, Turkmen, and Turkic tribes
- Languages
- Persian Farsi (official), Azeri and other Turkic dialects, Kurdish, Gilaki and Mazandarani, Luri, Balochi, Arabic
- Religions
- Muslim (official) 98.5%, Christian 0.7%, Baha'i 0.3%, agnostic 0.3%, other (includes Zoroastrian, Jewish, Hindu) 0.2% (2020 est.)
- Median age
- 35.2 years (2025 est.)
- Life expectancy at birth
- 75.6 years (2024 est.)
- Literacy
- 86% (2016 est.)
Economy
- Economic overview
- traditionally state-controlled economy but reforming state-owned financial entities; strong oil/gas, agricultural, and service sectors; recent massive inflation due to exchange rate depreciation, international sanctions, and investor uncertainty; increasing poverty
- Industries
- petroleum, petrochemicals, gas, fertilizer, caustic soda, textiles, cement and other construction materials, food processing (particularly sugar refining and vegetable oil production), ferrous and nonferrous metal fabrication, armaments
- Agricultural products
- wheat, sugarcane, milk, sugar beets, rice, tomatoes, barley, potatoes, oranges, apples (2023)
- Exports - partners
- China 35%, Turkey 16%, India 8%, Pakistan 7%, Armenia 5% (2023)
- Imports - partners
- China 34%, UAE 20%, Turkey 11%, Brazil 8%, Germany 4% (2023)
Government
- Government type
- theocratic republic
- Capital
- Tehran
- Independence
- 1 April 1979 (Islamic Republic of Iran proclaimed); notable earlier dates: ca. 550 B.C. (Achaemenid or Persian Empire established); A.D. 1501 (Iran reunified under the Safavid dynasty); 1794 (beginning of Qajar dynasty); 12 December 1925 (modern Iran established under the PAHLAVI dynasty)
- Constitution
- previous 1906; latest adopted 24 October 1979, effective 3 December 1979
- Executive branch
- Supreme Leader Ali Hoseini-KHAMENEI (since 4 June 1989)
- Legislative branch
- Islamic Parliament of Iran (Majles Shoraye Eslami)
Full reference data
Every field, by section — CIA World Factbook. Open a topic to expand it.
Introduction
Travel Facts
Please visit the following links to find further information about your desired destination.
World Health Organization (WHO) - To learn what vaccines and health precautions to take while visiting your destination.
US State Dept Travel Information - Overall information about foreign travel for US citizens.
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Page last updated: Monday, January 30, 2023