48% Decline in Trade With US
EghtesadOnline: Iran’s commercial exchanges with the US amounted to $40.2 million in 2020, posting a 48.53% decline compared with 2019.
Latest data released by the US Census Bureau show Iran exported $3.9 million worth of goods to the US during the last year, indicating a 178.57% year-on-year rise.
Imports from the US stood at $36.3 million during the said period, down 52.67% YOY.
Bilateral trade in December amounted to $3.5 million, 6.06% higher than $3.3 million during the same period of last year.
The United States' exports to Iran amounted to $3.5 million in December 2020.
Iran-US trade amounted to $74.5 million in 2019 and registered an 84.97% decline compared to the year before.
Iran exported only $1.4 million worth of goods to the US last year, down by 98% YOY.
Imports from the US totaled $73.1 million in 2019, down by 82.83% YOY.
In 2018, the value of trade between the two countries increased by 155% compared to 2017, after the reimposition of US sanctions on Iran. However, it has been falling drastically ever since.