One step forward, ten backwards: US-Iran trade falls 57%
Iran imported $153 million worth of products from the U.S. in January-May 2013 and exported $1.6 million worth of products to the U.S. in the mentioned time span
The value of trade between Iran and the United States dropped 57 percent in the first five months of 2014 compared to the same period in 2013, according to U.S. Census Bureau statistics.
The Iran-U.S. trade totaled $65.4 million from January to May 2014, with one hundred percent of the sum related to U.S. exports to Iran, the Moj News Agency reported on Monday.
Iran imported $153 million worth of products from the U.S. in January-May 2013 and exported $1.6 million worth of products to the U.S. in the mentioned time span.
Iran transacted non-oil goods with 177 countries in the past Iranian calendar year, which ended on March 20, according to the Iran Customs Administration.
The balance of trade with 91 countries was positive.
The country exported $31.332 billion of non-oil goods, excluding gas condensates, and imported $50.818 billion of non-oil goods during the 12-month period.
Iran had the highest positive trade balance with Iraq, Afghanistan, Turkmenistan, Egypt, and Azerbaijan, while it registered the highest negative trade balance with the United Arab Emirates, South Korea, Switzerland, China, and Germany.
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