Iran-US Trade Up 103% in First Quarter of 2024

The US Bureau of Statistics said the value of the country’s trade exchanges with Iran in the first three months of the current year (January to March) reached $27.7 million, showing a 103% hike compared to last year’s corresponding period.

News ID: 841660

EghtesadOnline: According to the report, the trade exchanges between Iran and the United States were $13.6 million from January to March 2023.

They reached $61.2 million in 2023, showing an eight percent hike compared to a year earlier.

The US export of products to Iran registered a 77% hike in the first quarter of 2024.

The United States had exported over $13.4 million of non-oil products to Iran in the first quarter of 2023.

The US import of products from Iran rose from $0.2 million in the first quarter of 2023 to $3.9 million in the same period of the current year, showing a 20-fold hike, the report added. / Tasnim