📈 Global Trade Skims Hormuz (3.8%)—Iran Depends on It (81%)

Global trade dependence on flows through the Strait of Hormuz is significantly lower than its critical role in energy markets. In 2025, only 3.8% of total world trade passed through the strait.

Dependence is notably higher across Asian economies. India shows the greatest exposure, with 18.1% of its total trade linked to Hormuz transit, followed by Japan (6.9%), South Korea (6.7%), and China (5.6%).

By contrast, Western economies exhibit relatively limited reliance. Trade flows through the strait account for just 2.1%–2.6% of total trade for the United Kingdom, Italy, and France, while the Netherlands (1.4%) and Germany (1.1%) show even lower exposure. The United States (1.6%) and Israel (2.2%) also maintain modest dependence.

In stark contrast, Iran remains overwhelmingly reliant on the strait, with approximately 81% of its total trade passing through Hormuz.

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