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Iran

Iran ranked No. 118 in total trade value through October with a total of $476.97 million. Exports totaled $409.45 million and Imports totaled $67.52 million, a surplus of $341.93 million.

January – October 2018

Top Trading Ports

Total Trade: $476.97 million

RankPortTotal YTD
1Port of Southern Louisiana, Gramercy, St. James Parish $178,921,153
2Port of Kalama, Wash. $65,054,572
3Port of New Orleans $52,198,777
4Los Angeles International Airport $26,829,673
5Port of Savannah, Ga. $21,887,257
6Port of Longview, Wash. $20,065,596
7John F. Kennedy International Airport $14,773,317
8Port of Newark $11,731,422
9Chicago O’Hare International Airport $11,386,576
10Houston’s George Bush Intercontinental Airport, Texas $11,102,135

U.S. trade with Iran rose to $476.97 million through October

Iran’s trade with the United States rose to $476.97 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 198.56 percent above its total trade during the same time period last year. Iran’s exports increased 272.84 percent while imports rose 35.2 percent. The U.S. surplus with Iran was $341.93 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Southern Louisiana, Gramercy, St. James Parish; No. 2 Port of Kalama, Wash.; No. 3 Port of New Orleans; No. 4 Los Angeles International Airport; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 Port of Savannah, Ga. No. 3 Los Angeles International Airport No. 4 Chicago O’Hare International Airport and No. 5 Port of Newark. In the current time period, the top five accounted for 72.31 percent of Iran’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Southern Louisiana, Gramercy, St. James Parish totaled $178.92 million.
    Exports totaled $178.92 million. There were no imports.
  • Trade with No. 2 Port of Kalama, Wash. totaled $65.05 million.
    Exports totaled $65.05 million. There were no imports.
  • Trade with No. 3 Port of New Orleans rose 76.56 percent to $52.2 million.
    Exports rose 76.37 percent to $52.13 million. Imports rose 763.03 percent to $72,650.
  • Trade with No. 4 Los Angeles International Airport rose 80.46 percent to $26.83 million.
    Exports rose 58.12 percent to $18.71 million. Imports rose 167.7 percent to $8.12 million.
  • Trade with No. 5 Port of Savannah, Ga. rose 29.42 percent to $21.89 million.
    Exports rose 62.1 percent to $16.54 million. Imports fell 20.27 percent to $5.35 million.

Iran ranked No. 118 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 147.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Iran by value through October were the categories of Soybeans; Chemical wood pulp, not dissolving grade; Medical instruments for surgeons, dentists, vets; X-ray apparatus; and Orthopedic appliances, artificial body parts, respectively. They accounted for 89.85 percent of total exports to Iran.

The value of the top five categories of U.S. imports from Iran –– Carpets, othert textile floor coverings, knotted; Carpets & Oth Text Floor Cover, Woven, No Tuf 5702; Antiques; Ginger, saffron, turmeric (curcuma), thyme, bay leaves, curry and other spices; and Religious, educational or scientific instruments –– accounted for 93.32 percent of all inbound shipments.

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

  • Soybeans rose 1117.26 percent compared to last year to $313.32 million.
  • Chemical wood pulp, not dissolving grade rose 40.22 percent compared to last year to $20.63 million.
  • Medical instruments for surgeons, dentists, vets rose 451.16 percent compared to last year to $16.9 million.
  • X-ray apparatus rose 628.69 percent compared to last year to $9.88 million.
  • Orthopedic appliances, artificial body parts rose 533.33 percent compared to last year to $7.15 million.

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

  • Carpets, othert textile floor coverings, knotted rose 41.02 percent compared to last year to $47.62 million.
  • Carpets & Oth Text Floor Cover, Woven, No Tuf 5702 rose 25.15 percent compared to last year to $8.42 million.
  • Antiques rose 7.46 percent compared to last year to $5.7 million.
  • Ginger, saffron, turmeric (curcuma), thyme, bay leaves, curry and other spices rose 26.94 percent compared to last year to $694,418.
  • Religious, educational or scientific instruments totaled $578,350. 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.