India Closely Monitoring Impact of US Tariffs on Iran Trade, Says MEA

  • Jan. 16, 2026, 7:14 p.m.

Delhi: India is closely monitoring developments following the United States’ announcement of a 25 per cent tariff on trade partners of Iran, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said on Tuesday, while outlining the current scale of India’s trade ties with Tehran.

Responding to queries on the issue, Jaiswal said, “On the 25 per cent tariffs, we are closely following all these developments.” He added that India’s bilateral trade with Iran remains limited in the context of the country’s overall global trade.

Providing details, the MEA spokesperson noted that in the last financial year, India’s total bilateral trade with Iran stood at approximately $1.6 billion. “Our exports to Iran were in the region of $1.2 billion, and our imports from Iran were in the region of $0.4 billion,” he said.

Jaiswal further highlighted that Iran’s share in India’s total trade is relatively small. “If you look at its overall size in global trade, Iran accounts for about 0.15 per cent of India’s total trade,” he stated.

The comments come amid concerns among several countries over the potential impact of the US tariff decision on global trade flows and bilateral economic relations. Indian authorities are assessing the situation to understand any possible implications for trade, supply chains, and broader economic interests.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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