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Iran

Iran ranked No. 179 in total trade value through February with a total of $8.62 million. Exports totaled $8.41 million and Imports totaled $210,391, a surplus of $8.2 million.

U.S. trade with Iran rose to $8.62 million through February

Iran’s trade with the United States rose to $8.62 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 68.65 percent below its total trade during the same time period last year. Iran’s exports decreased 58.74 percent while imports fell 97.04 percent. The U.S. surplus with Iran was $8.2 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Los Angeles International Airport; No. 2 Houston’s George Bush Intercontinental Airport, Texas; No. 3 Chicago O’Hare International Airport; No. 4 John F. Kennedy International Airport; and No. 5 Seattle-Tacoma International Airport. During the same period the previous year, the top five were No. 1 Los Angeles International Airport No. 2 Port of Newark No. 3 Port of Savannah, Ga. No. 4 San Francisco International Airport, Calif. and No. 5 Seattle-Tacoma International Airport. In the current time period, the top five accounted for 69.99 percent of Iran’s U.S. trade.

Among those top five:

  • Trade with No. 1 Los Angeles International Airport fell 21.65 percent to $3.23 million.
    Exports rose 7.52 percent to $3.23 million. There were no imports.
  • Trade with No. 2 Houston’s George Bush Intercontinental Airport, Texas rose 10.82 percent to $861,336.
    Exports rose 504.46 percent to $861,336. There were no imports.
  • Trade with No. 3 Chicago O’Hare International Airport fell 38.49 percent to $847,020.
    Exports fell 35.2 percent to $842,700. Imports fell 94.36 percent to $4,320.
  • Trade with No. 4 John F. Kennedy International Airport fell 58.3 percent to $560,279.
    Exports fell 37.4 percent to $560,279. There were no imports.
  • Trade with No. 5 Seattle-Tacoma International Airport fell 62.19 percent to $529,641.
    Exports fell 59.9 percent to $529,641. There were no imports.

Iran ranked No. 179 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 148.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Iran by value through February were the categories of Medical instruments for surgeons, dentists, vets; Seeds, fruits and spores, for sowing; Medicines in individual dosages; Misc. medical chemical re-agents; and Misc. dead animal products, respectively. They accounted for 68.37 percent of total exports to Iran.

The value of the top five categories of U.S. imports from Iran –– Misc. printed matter, including photos; Miscellaneous machine parts; Books, brochures; and Automatic regulating instruments, parts –– accounted for 100 percent of all inbound shipments.

Looking more closely at U.S. exports to Iran:

  • Medical instruments for surgeons, dentists, vets fell 44.47 percent compared to last year to $2.5 million.
  • Seeds, fruits and spores, for sowing fell 25.2 percent compared to last year to $1.23 million.
  • Medicines in individual dosages rose 789.75 percent compared to last year to $726,416.
  • Misc. medical chemical re-agents fell 41.59 percent compared to last year to $676,934.
  • Misc. dead animal products rose 140.47 percent compared to last year to $614,707.

Looking more closely at U.S. imports from Iran:

  • Misc. printed matter, including photos totaled $181,981. The previous year, there were no imports in this category.
  • Miscellaneous machine parts totaled $11,392. The previous year, there were no imports in this category.
  • Books, brochures rose 174.63 percent compared to last year to $8,640.
  • Automatic regulating instruments, parts totaled $8,378. The previous year, there were no imports in this category.

In the latest annual figures available, Iran recorded $200.88 million in trade with the United States. At year’s end, its were New York City; Los Angeles; New Orleans; Atlanta/Savannah; and Chicago. Total U.S. exports to Iran were $ 137.71 million and imports from Iran were $63.17 million. The U.S. surplus with Iran was $74.53 million.