Iran-US trade turnover falls by 21%
Baku, Azerbaijan, Nov. 5
By Fatih Karimov – Trend:
Mutual trade turnover between Iran and the US stood at $140 million during the first nine months of 2017, 21 percent less compared to the same period of the preceding year.
The US exports to Iran reached $93.3 million in the 9-month period, which is 23 percent less year-on-year, according to the statistics of the United States Census Bureau.
Iran’s export to US decreased by about 34 percent to $46.7 million in the same time span, according to the report.
In September, Iran and the US had a trade turnover worth $14.5 million, $10.5 million of which accounted for US exports to Iran.
During last September, the figure was $10.5 million, $3.7 million of which accounted for Iran’s export to US.
Iran’s exports to the US registered an increase by 8 percent in September year on year, meanwhile the country’s imports from the United States increased by 64 percent.
During the last year, the US exported $172 million worth of goods to Iran, mostly agriculture products and medical equipment, and imported $87.7 million worth of goods from Iran, mostly pistachios and carpets.