New Delhi, Jan. 13 -- India's trade and economic engagement with Iran remains limited and is unlikely to be significantly impacted by recent tariff measures announced by the US, government sources said on Tuesday after President Donald Trump's announcement of a 25 per cent tariff on Iran's trading partners.

For India, Iran does not even figure in the top 50 global trading partners. Last year, India's trade with Iran was USD 1.6 billion, approximately 0.15 per cent of India's total trade, government sources said.

They said India's trade value with Iran is expected to decline further in the coming Financial Year, given external economic factors.

In 2024, Iran's total imports were about USD 68 billion, of which its leading import partners...