Iran’s exports to US fall by 79%

Business Materials 6 December 2017 15:38 (UTC +04:00)

Baku, Azerbaijan, Dec. 6

By Fatih Karimov – Trend:

Mutual trade turnover between Iran and the US stood at $159.7 million during the first ten months of 2017, 23 percent less compared to the same period of the preceding year.

The US exports to Iran reached $109.8 million in the 10-month period, which is 18 percent less year-on-year, according to the statistics of the United States Census Bureau.

Iran’s export to US decreased by about 3 percent (to $49.9 million) in the same time span, according to the report.

In October, Iran and the US had a trade turnover worth $19.8 million, $16.6 million of which accounted for US exports to Iran.

During last October, the figure was $52.7 million, $15.2 million of which accounted for Iran’s export to US.

Iran’s exports to the US registered a fall by 79 percent in October year on year, meanwhile the country’s imports from the United States decreased by 56 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.