U.S. exports to Iran hit $40 million in 4 months

Business Materials 24 August 2013 14:58 (UTC +04:00)

Azerbaijan, Baku, Aug.24/ Trend F.Karimov/

The United States exported over $40 million worth of goods to Iran in the first four months of the current Iranian year, which began on March 21, ISNA reported, citing data released by the Iranian Customs Office.

Iran exported $295,000 worth of goods to U.S. in the 4-month period.

The trade between Iran and U.S. amounted to $78 million in the same period of the past year.

In April, ISNA quoted Trade Promotion Organization of Iran official Abdolhamid Asadian as saying that there is no direct trade between Iran and U.S. at present.

Goods which are being registered at Iranian customs offices as imported from U.S. are, in fact, goods which have been indirectly imported to Iran via the U.S., he was quoted as saying on Wednesday.

Trade between Iran and U.S. amounted to $133.8 million in the past Iranian calendar year, which ended on March 20, showing 32 percent growth year on year, according to Iranian Customs Administration data.

U.S. exported $132.4 million worth of goods to Iran and imported $1.4 million worth of goods from Iran in the past year.

According to a Reuters report, U.S. exports to Iran rose by nearly a third in 2012, chiefly because of grain sales, despite the tightening of U.S. financial sanctions.