Baku, Azerbaijan, June 2
By Emil Ilgar – Trend:
Trade turnover between Iran and the US decreased by 79 percent to $10.7 million in April as compared to March, the statistics of United States Census Bureau indicate.
Iran exported $5.7 million goods to US and imported $5 million worth of commodities in April.
During January-April, Iran’s total exports to US increased by $8.7 million, reaching $29.5 million year-on-year, while its imports decreased by $31.6 million to $57.4 million.
However, for the first time since 2008, Iran’s exports value to US is more than its imports.
|
Months |
US exports to Iran (million $) |
US imports from Iran (million $) |
|
Jan-17 |
4.9 |
5.6 |
|
Feb-17 |
7.3 |
7.9 |
|
Mar-17 |
8.6 |
10.4 |
|
Apr-17 |
5 |
5.7 |
|
Total |
25.8 |
29.5 |
|
Jan-16 |
10.2 |
0 |
|
Feb-16 |
33.9 |
2.1 |
|
Mar-16 |
6.7 |
11.2 |
|
Apr-16 |
6.5 |
7.1 |
|
Total |
57.3 |
20.4 |
During last year, the US exported $172 million worth of goods to Iran, mostly agriculture products and medical equipment, and imported $86 million worth of goods from Iran, mostly pistachios and carpets.
The trade balance between Iran and the US in 2000-2008 was in favour of the United States.