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Iran shares data on trade turnover with US

Business Materials 17 May 2021 11:52 (UTC +04:00)
Iran shares data on trade turnover with US

BAKU, Azerbaijan, May 17

By Elnur Baghishov – Trend:

Iran exported 66 tons of goods worth about $137,000 to the US over the last Iranian year (from March 20, 2020, through March 20, 2021), Spokesman for the Islamic Republic of Iran Customs Administration (IRICA) Rouhollah Latifi said, Trend reports citing the administration’s website.

However, Iran's exports to the US amounted to 3,550 tons worth $132 million 4 years ago (from March 21, 2017 through March 20, 2018), according to the spokesman.

He added that Iran imported 15,900 tons of goods worth $79.9 million from the US in the last Iranian year.

Latifi stressed that Iran's imports from the US decreased by 53 percent ($90 million) in terms of value and 57 percent (21,500 tons) in terms compared to four years ago.

“Iran's trade turnover with members of the 5 + 1 group (Russia, China, the US, France, Britain and Germany) amounted to 38.6 million tons worth $24 billion during last Iranian year. So, Iran's exports to these countries amounted to 28 million tons worth $9.83 billion, while imports from these countries amounted to 10.5 million tons worth $14.2 billion in the last Iranian year,” he said.

The official noted that Iran's trade turnover with these countries has decreased by 19 percent in terms of value and 14 percent in terms of volume compared to four years ago.

As reported, Iran's total foreign trade turnover amounted to about 146 million tons worth $73 billion in the last Iranian year. During this period, Iran exported 112 million tons of goods worth about $35 billion and imported 33.4 million tons worth $38.4 billion.

The nuclear deal between Iran and the 5 + 1 group came into force in 2016. In 2018, the US announced its withdrawal from the deal.

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