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Iran

Iran ranked No. 172 in total trade value through August with a total of $58.3 million. Exports totaled $57.05 million and Imports totaled $1.25 million, a surplus of $55.8 million.

U.S. trade with Iran rose to $58.3 million through August

Iran’s trade with the United States rose to $58.3 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 81.34 percent below its total trade during the same time period last year. U.S. exports to Iran decreased 76.73 percent while U.S. imports from Iran fell 98.14 percent. The U.S. surplus with Iran was $55.8 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Chicago O’Hare International Airport; No. 2 Los Angeles International Airport; No. 3 John F. Kennedy International Airport; No. 4 Boston’s Logan International Airport; and No. 5 Seattle-Tacoma International Airport. During the same period the previous year, the top five were No. 1 Port of Southern Louisiana, Gramercy, St. James Parish No. 2 Port of New Orleans No. 3 Port of Kalama, Wash. No. 4 Port of Savannah, Ga. and No. 5 Los Angeles International Airport. In the current time period, the top five accounted for 72.41 percent of Iran’s U.S. trade.

Among those top five:

  • Trade with No. 1 Chicago O’Hare International Airport rose 91.56 percent to $15.83 million.
    Exports rose 240.95 percent to $15.82 million. Imports fell 99.66 percent to $12,370.
  • Trade with No. 2 Los Angeles International Airport fell 28.4 percent to $15.29 million.
    Exports rose 13.96 percent to $15.09 million. Imports fell 97.55 percent to $198,350.
  • Trade with No. 3 John F. Kennedy International Airport fell 67.72 percent to $4.39 million.
    Exports rose 20.22 percent to $3.97 million. Imports fell 95.94 percent to $417,927.
  • Trade with No. 4 Boston’s Logan International Airport rose 19.82 percent to $3.76 million.
    Exports rose 51.14 percent to $3.58 million. Imports fell 76.38 percent to $181,981.
  • Trade with No. 5 Seattle-Tacoma International Airport fell 15.27 percent to $2.95 million.
    Exports fell 0.09 percent to $2.95 million. There were no imports.

Iran ranked No. 172 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 126.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Iran by value through August were the categories of Medical instruments for surgeons, dentists, vets; Plasma, vaccines, blood; Misc. dead animal products; Seeds, fruits and spores, for sowing; and Medicines in individual dosages, respectively. They accounted for 61.29 percent of total exports to Iran.

The value of the top five categories of U.S. imports from Iran –– Paintings, drawings and other artwork; Misc. printed matter, including photos; Antiques; Books, brochures; and Original sculptures and statues –– accounted for 96.31 percent of all inbound shipments.

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

  • Medical instruments for surgeons, dentists, vets fell 5.54 percent compared to last year to $13.71 million.
  • Plasma, vaccines, blood rose 2953.58 percent compared to last year to $6.26 million.
  • Misc. dead animal products rose 308.7 percent compared to last year to $5.32 million.
  • Seeds, fruits and spores, for sowing rose 54.29 percent compared to last year to $5.15 million.
  • Medicines in individual dosages rose 61.8 percent compared to last year to $4.52 million.

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

  • Paintings, drawings and other artwork rose 55.12 percent compared to last year to $690,570.
  • Misc. printed matter, including photos totaled $181,981. The previous year, there were no imports in this category.
  • Antiques fell 96.95 percent compared to last year to $168,815.
  • Books, brochures rose 75.84 percent compared to last year to $126,414.
  • Original sculptures and statues totaled $38,500. 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.