Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Sunday February 17 2019
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

US imports from Iran increases by 30%

11 July 2018 14:36 (UTC+04:00)
4 736

By  Trend

According to the latest statistics of the United States Census Bureau, which covers the first five month of 2018, the US imports from Iran has registered a rise by 30 percent in May.

Trade turnover between Iran and the US stood at $78.8 million in the first five months of 2018, 20 percent more year-on-year.

The US exports to Iran accounted to $50.2 million in the 5-month period, which is 59 percent more year-on-year.

Meanwhile Iran's exports to the US decreased by 17 percent to $ 28.6 million in January-May 2018.

In May 2018, Iran and the US had a trade turnover worth $11.3 million (8 percent more year-on-year), 5.2 million of which accounted for the US exports to Iran.

All figures are in millions of USD

Month

2018

2017

Growth %

Exports

Imports

Exports

Imports

Export

Import

January

8.8

4.7

4.9

5.6

80

-16

February

11.6

2.4

7.3

7.9

59

-70

March

 

12.4

6.2

8.6

10.4

44

-40

April

12.2

9.2

5

5.7

144

61

May

5.2

6.1

5.8

4.7

-10

30

Total

50.2

28.6

31.6

34.3

59

-17

The US exports to Iran in 2017 reached $137.7 million, which is 19.9 percent less year-on-year.

Iran's exports to the US decreased by about 27.9 percent to $63.2 million in January-December 2017. During 2016, the US exported $172 million worth of goods to Iran.

The United States mostly exports agriculture products and medical equipment to Iran, meanwhile the country’s imports from the Islamic Republic are, mostly pistachios and carpets.

Following the US president's withdrawal from the nuclear deal with Iran, the Treasury Department announced last month that it had revoked licenses that allowed US-controlled foreign firms to export commercial aircraft parts to Iran, and Americans to trade in Iranian carpets, pistachios and caviar.

Removal of international sanctions against Tehran in 2016 only contributed to Iran’s exports to the US, ‎which experienced a 700-percent rise year-on-year, while the overall trade stood at $260 million, 11 percent less than the preceding ‎year.‎

---

Follow us on Twitter @AzerNewsAz  

  • #US IMPORTS
  • #IRAN

Related News

Pakistan’s ambassador to Iran summoned to Iranian Foreign Ministry

Pakistan’s ambassador to Iran summoned to Iranian Foreign Ministry

17:15
Iran official talks Caspian Sea water transfer, smuggling of soil out of Iran

Iran official talks Caspian Sea water transfer, smuggling of soil out of Iran

16 February 11:07
Paper production plant commissioned in Iran’s Yazd province

Paper production plant commissioned in Iran’s Yazd province

15 February 16:24
Iran President: Tehran-Moscow relations strategic

Iran President: Tehran-Moscow relations strategic

15 February 12:37
Iran can use potential of EEU to avoid sanctions, analyst say

Iran can use potential of EEU to avoid sanctions, analyst say

15 February 12:12
First gas condensate offering fails at Iran's energy exchange

First gas condensate offering fails at Iran's energy exchange

15 February 11:24
Iran's industry minister talks gov’t priorities

Iran's industry minister talks gov’t priorities

14 February 18:36
Iran, Russia to discuss economic issues, energy co-op

Iran, Russia to discuss economic issues, energy co-op

14 February 18:13
Iran, India discuss Farzad-B gas field development

Iran, India discuss Farzad-B gas field development

14 February 13:45
Kazakhstan’s Kyzylorda region to export rice to Iran

Kazakhstan’s Kyzylorda region to export rice to Iran

14 February 10:55
  • Latest
  • Popular
17:39 • Winners of synchronous trampoline competition as part of World Cup awarded in Baku [PHOTO]
17:24 • Azerbaijani gymnast to "diligently prepare" for World Championships in Tokyo
17:15 • Pakistan’s ambassador to Iran summoned to Iranian Foreign Ministry
15:44 • Winners of tumbling competition as part of World Cup awarded in Baku [PHOTO]
15:35 • Azerbaijani gymnast grabs silver at World Cup in Trampoline and Tumbling in Baku
15:27 • Winners of individual trampoline program as part of World Cup awarded in Baku [PHOTO]
15:09 • Armenians call for “sowing seeds of hatred” between Azerbaijanis and Chechens [PHOTO]
14:00 • Chinese athlete grabs gold in individual trampoline program in World Cup in Baku
13:48 • Second day of Trampoline and Tumbling World Cup kicks off in Baku [PHOTO]
13:15 • Mammadyarov meets with Foreign and Security Policy Adviser to German Federal Chancellor [PHOTO]
12:55 • Azerbaijan, U.S mull situation in Karabakh negotiation process
12:39 • Mobile app for visa registration to be launched in Azerbaijan
12:19 • Malaysian company may build robotics plant in Uzbekistan
11:58 • 10 export-oriented projects to be launched in Kazakhstan's Pavlodar SEZ
11:43 • Turkmenistan hopes to increase transit cargo transportation from China
11:31 • Passenger traffic at Baku port reaches 20-year record
11:17 • Finalists of trampoline competitions among men, women named in synchronous program
10:58 • Azerbaijani FM meets with Deputy PM of Croatia
10:35 • Chechens and Azerbaijanis always supported each other - official
10:26 • Azerbaijani, Kyrgyz FMs mull preparations for Turkic Council summit
12:19 • Malaysian company may build robotics plant in Uzbekistan
10:00 • How many foreign specialists can Azerbaijan hire?
11:43 • Turkmenistan hopes to increase transit cargo transportation from China
10:35 • Chechens and Azerbaijanis always supported each other - official
10:58 • Azerbaijani FM meets with Deputy PM of Croatia
10:26 • Azerbaijani, Kyrgyz FMs mull preparations for Turkic Council summit
10:15 • Armenia violates ceasefire with Azerbaijan 25 times
11:58 • 10 export-oriented projects to be launched in Kazakhstan's Pavlodar SEZ
11:31 • Passenger traffic at Baku port reaches 20-year record
12:39 • Mobile app for visa registration to be launched in Azerbaijan
13:15 • Mammadyarov meets with Foreign and Security Policy Adviser to German Federal Chancellor [PHOTO]
15:09 • Armenians call for “sowing seeds of hatred” between Azerbaijanis and Chechens [PHOTO]
09:50 • Finalists of trampoline competition among men, women named in individual program
12:55 • Azerbaijan, U.S mull situation in Karabakh negotiation process
15:44 • Winners of tumbling competition as part of World Cup awarded in Baku [PHOTO]
13:48 • Second day of Trampoline and Tumbling World Cup kicks off in Baku [PHOTO]
11:17 • Finalists of trampoline competitions among men, women named in synchronous program
14:00 • Chinese athlete grabs gold in individual trampoline program in World Cup in Baku
15:27 • Winners of individual trampoline program as part of World Cup awarded in Baku [PHOTO]
15:35 • Azerbaijani gymnast grabs silver at World Cup in Trampoline and Tumbling in Baku
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2019 AzerNews. All rights reserved