Iran's Trade With US Continues Downtrend

Iran’s commercial transactions with the US stood at $9.7 million during the first three months of 2021 to register a 37.42% decline compared with the corresponding period of 2020.
Latest data released by the US Census Bureau show Iran exported $0.1 million worth of goods to the US in Q1, indicating a 96.5% year-on-year fall.
Imports from the US stood at $9.6 million during the same period, down 23.8% YOY.
Bilateral trade in March 2021 amounted to $4.6 million, down 9.8% compared with $5.1 million in the previous March.
Iran had no exports to the US in March, while its imports totaled $4.6 million, indicating an 8% YOY decrease.
Iran’s commercial exchanges with the US amounted to $40.2 million in 2020, posting a 48.53% decline compared with 2019. Iran exported $3.9 million worth of goods to the US during last year, indicating a 178.57% year-on-year rise.
Imports from the US stood at $36.3 million during the same period, down 52.67% YOY.
Iran-US trade amounted to $74.5 million in 2019 to register an 84.97% decline compared to the year before. Iran exported only $1.4 million worth of goods to the US last year, down by 98% YOY. Imports from the US totaled $73.1 million in 2019, down by 82.83% YOY.
In 2018, the value of trade between the two countries increased by 155% compared to 2017, after the reimposition of US sanctions on Iran. However, it has been falling drastically ever since.