Iran"s petroleum sector is a critical component of its economy, with base oil playing a significant role. The trade dynamics in Iran"s petroleum market are characterized by fluctuations in export and import activities. In 2020, Iran"s export of petroleum oils from bituminous minerals reached over $10 billion, underscoring the country"s robust export capabilities in this category. However, the base oil market has seen significant import activity as well. For instance, the import of non-calcined petroleum coke increased from approximately 64. 3 million kg in 2020 to 74. 4 million kg in 2021, with the value rising from about $13. 8 million to $17 million.

This indicates a growing domestic demand for raw materials used in the production of base oils. Moreover, the import of calcined petroleum coke in 2021 was notably high at over 82 million kg, valued at approximately $49. 4 million, compared to a modest export figure of just 303,000 kg in the same year. This disparity suggests that while Iran is a major player in the petroleum market, it relies heavily on imports for specific refined products. These import trends reflect the broader dynamics of Iran"s base oil market, which is influenced by both global oil prices and domestic industrial demand. Businesses looking to engage with Iran"s petroleum sector must consider these factors, especially given the potential for price volatility in international markets. For companies aiming to explore business opportunities in market, platforms like Aritral can be invaluable. Aritral offers a comprehensive suite of services including product listings, direct communication channels, global sales assistance, and AI-powered marketing tools, all designed to facilitate efficient market entry and expansion in Iran"s evolving petroleum landscape.