Iran

Iran ranked No. 180 in total trade value through June with a total of $23.77 million. Exports totaled $20.78 million and Imports totaled $2.99 million, a surplus of $17.79 million.

U.S. trade with Iran rose to $23.77 million through June

Iran’s trade with the United States rose to $23.77 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 44.06 percent below its total trade during the same time period last year. U.S. exports to Iran decreased 49.92 percent while U.S. imports from Iran rose 198.74 percent. The U.S. surplus with Iran was $17.79 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Los Angeles International Airport; No. 2 John F. Kennedy International Airport; No. 3 Hartsfield-Jackson Atlanta International Airport; No. 4 Chicago O’Hare International Airport; and No. 5 Dallas-Fort Worth International Airport, Texas. During the same period the previous year, the top five were No. 1 Los Angeles International Airport; No. 2 Chicago O’Hare International Airport; No. 3 John F. Kennedy International Airport; No. 4 Boston’s Logan International Airport and No. 5 Port of San Juan, Puerto Rico. In the current time period, the top five accounted for 74.17 percent of Iran’s U.S. trade.

Among those top five:

  • Trade with No. 1 Los Angeles International Airport fell 24.29 percent to $9.09 million.
    Exports fell 40.58 percent to $7.02 million. Imports rose 947.79 percent to $2.07 million.
  • Trade with No. 2 John F. Kennedy International Airport fell 20.5 percent to $2.83 million.
    Exports fell 23.78 percent to $2.44 million. Imports rose 8.89 percent to $388,516.
  • Trade with No. 3 Hartsfield-Jackson Atlanta International Airport rose 74.32 percent to $2.11 million.
    Exports rose 71.86 percent to $2.08 million. Imports rose 9233.23 percent to $30,333.
  • Trade with No. 4 Chicago O’Hare International Airport fell 80.96 percent to $2.11 million.
    Exports fell 80.93 percent to $2.11 million. There were no imports.
  • Trade with No. 5 Dallas-Fort Worth International Airport, Texas rose 1086.03 percent to $1.49 million.
    Exports rose 1204.03 percent to $1.49 million. There were no imports.

Iran ranked No. 180 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 177.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Iran by value through June were the categories of Medical instruments; Seeds, fruits and spores, for sowing; Misc. medical chemical re-agents; Medical equipment for physicals; and Orthopedic appliances, artificial body parts, respectively. They accounted for 67.87 percent of total exports to Iran.

The value of the top five categories of U.S. imports from Iran –– Antiques; Paintings, drawings and other artwork; Books, brochures; Carpets, othert textile floor coverings, knotted; and Returned exports, without change –– accounted for 98.24 percent of all inbound shipments.

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

  • Medical instruments fell 27.94 percent compared to last year to $6.98 million.
  • Seeds, fruits and spores, for sowing fell 52.19 percent compared to last year to $1.96 million.
  • Misc. medical chemical re-agents rose 16.5 percent compared to last year to $1.86 million.
  • Medical equipment for physicals rose 41.75 percent compared to last year to $1.7 million.
  • Orthopedic appliances, artificial body parts fell 33.41 percent compared to last year to $1.6 million.

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

  • Antiques totaled $2.01 million. The previous year, there were no imports in this category.
  • Paintings, drawings and other artwork rose 4.23 percent compared to last year to $702,301.
  • Books, brochures fell 6.26 percent compared to last year to $86,681.
  • Carpets, othert textile floor coverings, knotted rose 735.96 percent compared to last year to $67,295.
  • Returned exports, without change totaled $65,320. The previous year, there were no imports in this category.

In the latest annual figures available, Iran recorded $74.56 million in trade with the United States. Total U.S. exports to Iran were $ 73.14 million and imports from Iran were $1.42 million. The U.S. surplus with Iran was $71.72 million.