Iran’s trade with the United States continues its downward trend
Iran’s trade transactions with the United States amounted to $ 9.7 million in the first three months of 2021, a decrease of 37.42% from the corresponding period of 2020.
The latest data released by the US Census Bureau shows that Iran exported $ 0.1 million worth of goods to the United States in the first quarter, indicating a 96.5% drop year-over-year. ‘other.
Imports from the United States were $ 9.6 million in the same period, down 23.8% year-on-year.
Two-way trade in March 2021 amounted to $ 4.6 million, down 9.8% from $ 5.1 million in the previous March.
Iran did not export to the United States in March, as its imports totaled $ 4.6 million, indicating an 8% year-on-year decline.
Iran’s trade with the United States amounted to $ 40.2 million in 2020, a decline of 48.53% from 2019. Iran exported for $ 3.9 million of goods to the United States over the past year, an increase of 178.57% year-over-year.
Imports from the United States were $ 36.3 million in the same period, down 52.67% year-on-year.
Iran-U.S. Trade amounted to $ 74.5 million in 2019 to register an 84.97% decline from the previous year. Iran exported just $ 1.4 million worth of goods to the United States last year, down 98% year-on-year. Imports from the United States totaled $ 73.1 million in 2019, down 82.83% year-on-year.
In 2018, the value of trade between the two countries increased by 155% compared to 2017, after the reimposition of US sanctions against Iran. However, it has dropped drastically since then.