Crude Oil Exports for Iran, Islamic Republic of
IRNNXGOCMBD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,551,005.71
Year-over-Year Change
44.96%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Crude Oil Exports for Iran, Islamic Republic of' series measures the volume of crude oil exported from Iran. This metric is important for understanding global energy markets and the geopolitical implications of Iran's economic activities.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the quantity of crude oil exported from Iran, a major global producer and exporter. The data is used by policymakers, economists, and industry analysts to assess Iran's role in global energy supply and the potential impacts of sanctions or trade policies.
Methodology
The data is collected and reported by the U.S. Energy Information Administration based on official government sources.
Historical Context
Crude oil exports are a key economic indicator for Iran and can influence global energy prices, trade balances, and geopolitical tensions.
Key Facts
- Iran is one of the world's largest crude oil producers and exporters.
- Crude oil exports account for a significant portion of Iran's GDP and government revenue.
- Fluctuations in Iran's crude oil exports can impact global energy prices and supply.
FAQs
Q: What does this economic trend measure?
A: This series measures the volume of crude oil exported from Iran, a major global producer and exporter of crude oil.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding global energy markets and the geopolitical implications of Iran's economic activities.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Energy Information Administration based on official government sources.
Q: How is this trend used in economic policy?
A: Crude oil exports are a key economic indicator for Iran and can influence global energy prices, trade balances, and geopolitical tensions.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limitations due to the complexities of tracking global energy trade.
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Citation
U.S. Federal Reserve, Crude Oil Exports for Iran, Islamic Republic of (IRNNXGOCMBD), retrieved from FRED.