India Iran Trade Soars: India's bilateral trade with Iran in 2022-23 was $2.33 billion. This was a 21.76% increase year-on-year. India's exports to Iran were $1.66 billion, which was a 14.34% increase year-on-year. India's imports from Iran were $672.12 million, which was a 45.05% increase year-on-year. .