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

Export

Abstract

Data for 2023 shows that Iran’s exports of ”goods and services (lcu)” were the largest at 41.7PLCU. This shows that Iran continues to play a role as a regional trade hub despite economic sanctions and political difficulties. Iran’s exports include oil and gas as major items, and fluctuations in their prices have a significant impact on export values. Historically, Iran’s exports have tended to increase when oil prices rise and decrease when prices fall. Additionally, Iran’s economy is sensitive to external factors, as international sanctions and policy changes affect trade activity. Furthermore, amid intensifying regional competition, Iran is seeking strategic trade partnerships to ensure economic stability.

Exports of goods and services (lcu)

The fact that Iran’s “goods and services (lcu)” exports will peak at 41.7 PLCU in 2023, reaching 100% compared to historical data, indicates an interesting transition in Iran’s economic situation. Throughout the data from 1960 to 2023, Iran’s exports have experienced large fluctuations, the main factors being price fluctuations in the oil and gas industry and international sanctions. Iran has large oil and gas reserves, and these energy resources have played a key role in its exports. When oil prices rose, Iran’s exports increased, but when prices fell, they were affected. International sanctions and political tensions also have a significant impact on Iran’s trade activities. In particular, as sanctions became more severe, exports tended to decline and economic instability increased. The recent peak shows that Iran has been able to maximize its resource exports and maintain a certain economic stability despite sanctions and political barriers. This is likely due in part to the development of new markets and the formation of strategic trade partnerships. Iran’s peak exports reflect the strength of its economy and its adaptability in international trade.

Exports of goods and services (lcu)
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The maximum is the latest one, 41.7PLCU of Iran

Exports of goods and services (lcu) (worldwide)

Data on Iran’s ”goods and services (lcu)” shows that Iran’s exports will reach a record high, peaking at 41.7PLCU in 2023, an important topic in the context of long-term economic fluctuations. Looking at data from 1960 to 2023, Iran’s exports are heavily dependent on oil and gas resources, and price fluctuations therein have had a direct impact on export volumes. Over the past few decades, Iran has seen its exports surge when oil prices were high and decline when prices fell. In addition, the Iranian Revolution of 1979 and the subsequent international sanctions dealt a major blow to the economy, with export volumes falling significantly especially during the period of sanctions from the early 2000s to the mid-2010s. However, in recent years, Iran has responded to the easing of sanctions and changes in the market by diversifying its economy, resulting in a recovery and increase in exports. The peak in 2023 indicates that Iran has overcome international economic difficulties and achieved maximization of exports, especially energy resources. Iran’s economy during this period has demonstrated economic resilience, successfully forming strategic partnerships and exploring new markets.

Exports of goods and services (lcu) (worldwide)
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The maximum is the latest one, 41.7PLCU of Iran

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

According to 2023 data, the highest overall export value of “goods and services (lcu)” is Iran at 41.7 PLCU, with an average of 367 TLCU and a total of 49.5 PLCU. These data show that Iran holds a prominent position in exports of goods and services. Iran’s exports are the highest because it relies mainly on oil and gas. Iran has abundant energy resources and an economic structure that is sensitive to price fluctuations on the international market. The peak of 41.7 PLCU in 2023 shows that Iran is making the most of its energy exports despite economic challenges. The average value of 367 TLCU is significant compared to other countries and represents a large portion of the world’s total export value. As the total of 49.5PLCU shows, Iran’s exports account for a significant proportion of the total, which is largely due to regional characteristics and international trade relations. Historically, Iran’s exports have been strongly influenced by fluctuations in oil prices, international sanctions, and regional political stability. The current peak is a result of Iran adapting to these fluctuations and making the most of its resources.

Exports of goods and services (lcu) (Worldwide, latest year)
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The maximum is 41.7PLCU of Iran, the average is 369TLCU, and the total is 49.5PLCU

Exports of goods and services (lcu) (region, latest year)

According to 2023 data, the highest overall value for ”goods and services (lcu)” is the Central African Republic at 224glcu, with the average and total also at 224glcu. While at first glance this data makes it appear that the Central African Republic has very high export values, in reality the consistency and interpretation of certain data may be questionable. The Central African Republic is generally economically weak and its exports are small compared to other countries. In reality, the country’s exports depend mainly on minerals and agricultural products, and large-scale economic activity and high export values ​​cannot be expected. Therefore, the figure of 224 glcu is likely due to a specific data processing and aggregation methodology. As has been the case in the past, the Central African Republic has faced political instability and economic difficulties, which have affected export activity. The same value for the average and total may suggest concentration of data or an unusual aggregation method. Because the average and the total usually differ, this agreement may reflect an unusual situation. Overall, economic performance and export data for the Central African Republic should be interpreted with caution and additional verification is required to accurately interpret the data.

Exports of goods and services (lcu) (region, latest year)
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The maximum is 224GLCU of Central African Republic, the average is 224GLCU, and the total is 224GLCU

Reference

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

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