US exports to Iran increase
Iran’s exports to the US declined significantly in 2018 while the US increased its exports to the Islamic Republic by over 67 percent.
Trade between Iran and the US stood at $27.5 million in the first two months of 2018, Trend News Agency reported.
This is seven percent more than the figure for January-february 2017, according to the statistics released by the United States Census Bureau.
Exports from the US to Iran amounted to $20.4 million in the twomonth period, which is 67.2 percent higher year-on-year.
Meanwhile Iran’s exports to the US fell by 47.4 percent to $ 7.1 million in the same time span, the report further announced.
In February 2018, Iran-us trade was worth $14 million, of which US exports to Iran stood at $11.6 million.
US exports to Iran in 2017 reached $137.7 million, which is 19.9 percent less year-on-year.
Iran’s exports to the US fell by about 27.9 percent to $63.2 million in January-december 2017.
During 2016, the US exported goods valued at $172 million to Iran which mostly included agriculture products and medical equipment importing commodities, mostly pistachios and carpets, worth $87.7 million from Iran.
The removal of international sanctions against Tehran in 2016 only contributed to Iran’s imports from the US, which experienced a 700-percent rise year-on-year, while the overall trade stood at $260 million, which is 11 percent less than the figure for the preceding year.