Data on imports of goods and services (LCU) for countries around the world and a graph of the top countries

Import

Abstract

According to 2023 data, Iran’s imports of ”goods and services (lcu)” were the highest at 39.2PLCU. This represents an important part of Iran’s trade and means that Iran’s economic activity remains subject to international influence. Historically, Iran has been subject to economic sanctions and international pressure for many years, but has still maintained active trade activities in the region. While the country is particularly dependent on exports of energy resources, its imports are diverse and include a large amount of industrial machinery and consumer goods. In recent years, Iran’s economy has been sensitive to domestic and international policy changes, resulting in significant fluctuations in trade volumes. As international relations and economic policies have a major impact on Iran’s import trends, it will be important to keep a close eye on future changes.

Imports of goods and services (LCU)

Considering the data from 1960 to 2023, Iran’s sales of “goods and services (lcu)” have shown notable growth. The 39.2PLCU recorded in 2023 represents 100% of Iran’s peak sales, reflecting the vibrant state of the economy. Historically, Iran’s economy has been heavily dependent on oil and gas exports, whose price fluctuations have directly affected sales trends. From the 1960s to the 1990s, Iranian sales were relatively stable, but since the 2000s, international sanctions and changes in economic policies have had a ripple effect, leading to a large drop in sales, especially during times of sanctions. However, in the 2020s, sales have been recovering as Iran attempts to reform its domestic and international economies and improve its international relations. This recovery is due to economic diversification and the formation of new trade partnerships, suggesting Iran is aiming for sustained economic growth.

Imports of goods and services (LCU)
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The maximum is the latest one, 39.2PLCU of Iran

Imports of goods and services (LCU) (worldwide)

Considering the data from 1960 to 2023, Iran’s sales of “goods and services (lcu)” show notable fluctuations. The 39.2 PLCU recorded by Iran in 2023 marks a historic peak and a 100% achievement rate compared to historical data. This means that Iran’s economy has experienced significant recovery and growth in recent years, especially despite harsh sanctions and international economic fluctuations. Over the past few decades, Iran’s economy has been heavily dependent on oil and gas exports, making it vulnerable to price fluctuations and international market pressures. The country experienced relatively stable growth from the 1960s through to the 1980s, but faced major difficulties due to the Iran-Iraq War in the 1980s and subsequent international sanctions. The 2000s and beyond have been turbulent due to sanctions and economic policies, but recent data suggests that Iran’s economy is experiencing some recovery. In particular, the growth since the 2020s is thought to be due to economic reforms, diversification of trade, and strengthened ties with regional economies. Going forward, adapting to changes in the international political and economic landscape will likely be key.

Imports of goods and services (LCU) (worldwide)
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The maximum is the latest one, 39.2PLCU of Iran

Imports of goods and services (lcu) (Worldwide, latest year)

According to data for 2023, in the ”goods and services (lcu)” category, Iran recorded the highest value with 39.2PLCU, which is the highest figure among the total. On the other hand, the average was 352 TLCU and the total was 47.5 PLCU, with Iran’s figures significantly higher than the overall average. This situation suggests that Iran’s economy has a notable size in certain areas compared to other countries. Comparing with past data, Iran has undergone economic upheaval and commercial activity appears to have increased, especially in recent years. From the 1960s to the 2000s, Iran’s economy was primarily dependent on oil and was heavily affected by international sanctions and price fluctuations. However, recent growth can be attributed to economic diversification, domestic and international reforms, and expanding trade. Iran’s outstanding performance compared to the overall average is likely due in particular to factors such as industrial specialization and strengthening regional trade. Looking ahead, responding to the international economic environment and policy changes will be an important factor.

Imports of goods and services (lcu) (Worldwide, latest year)
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The maximum is 39.2PLCU of Iran, the average is 355TLCU, and the total is 47.5PLCU

Imports of goods and services (LCU) (region, latest year)

In 2023 data, the highest value for sales of ”goods and services (lcu)” is the Central African Republic at 450glcu, with the overall average and total also being 450glcu. This agreement suggests that the methodology of data aggregation and the countries included are likely based on specific criteria. The Central African Republic’s highest figure may be due to certain economic factors and the way the data is handled. Such extreme data usually reflect the large economic activity of a particular country or the special conditions under which the data was collected. For example, the Central African Republic may have experienced rapid economic growth in recent years, or there may be idiosyncrasies in how the data is compiled. Historically, most countries have seen gradual increases in sales of goods and services, but the Central African Republic’s data stands out. This could be due to a particular industry or trade partnership, or a change in economic policy that resulted in large sales. Future analysis will require a more detailed look at economic activity in the Central African Republic and the methods of data collection.

Imports of goods and services (LCU) (region, latest year)
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The maximum is 450GLCU of Central African Republic, the average is 450GLCU, and the total is 450GLCU

Reference

The World Bank – Imports of goods and services (current LCU)

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