India's tea exporters may be left high and dry on Iran; here's why

Although tea exports, particularly of the orthodox variety, are on a growth trajectory, exporters to Iran may be left in the lurch if India accedes to the US trade embargo on the West Asian nation.

India-Iran trade is currently valued at $10.6 billion and comprises mainly oil imports from Iran which is $8 billion. India’s exports to the West Asian country is $2.6 billion. It mainly consists of tea and basmati rice.

Iran is India’s largest importer of tea in value terms while in terms of volume, it is the second largest after Russia. 

According to data from the Tea