Baku, Azerbaijan, May 12
By Emil Ilgar – Trend:
The trade turnover between Iran and US decreased by 43 percent to $44.6 million in 1Q17, compared to the same period in 2016, the statistics of United States Census Bureau indicate.
However, for the first time since 2008, Iran’s exports value to US is more than its imports.
The report says that Iran’s exports to US in March reached $10.4 million, about two times more than January.
|
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 |
|
Total |
20.8 |
23.9 |
|
Jan-16 |
10.2 |
0 |
|
Feb-16 |
33.9 |
2.1 |
|
Mar-16 |
6.7 |
11.2 |
|
Total |
50.8 |
13.3 |
During last year, 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 US during 2000-2008 was in favour of the United States.