US trade with Iran in the 1st quarter of 2017

Published or Updated: Jul 29, 2017

The report on US foreign trade in goods with Iran in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Iran

In the 1st quarter of 2017, US trade with Iran was $45.2 million, down 29.81% ($19.2 million) from the 1st quarter of 2016.

US exports to Iran in the 1st quarter of 2017 were $20.8 million, down 59.13% ($30.1 million) from the 1st quarter of 2016.

US imports from Iran in the 1st quarter of 2017 totaled $24.4 million, up 80.36% ($10.9 million) from the 1st quarter of 2016.

US trade balance with Iran went from a surplus of $37.3 million in the 1st quarter of 2016, to a deficit of $3.6 million in the 1st quarter of 2017.

Iran was the US 142nd largest trading partner in the 1st quarter of 2017 (down from 127th in the 1st quarter of 2016), accounting for 0.0048% of US total trade (down from 0.0074% in the 1st quarter of 2016).

Iran was the US 142nd largest export market in the 1st quarter of 2017 (down from 117th in the 1st quarter of 2016), accounting for 0.0056% of US total exports (down from 0.0146% in the 1st quarter of 2016).

Iran was the US 119th largest supplier in the 1st quarter of 2017 (up from 134th in the 1st quarter of 2016), accounting for 0.0043% of US total imports (up from 0.0026% in the 1st quarter of 2016).

US Exports to Iran

The major share of US exports to Iran in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 62.32% of US total exports to Iran (59.13% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 20.90% of US total exports to Iran (14.95% in the 1st quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 14.71% of US total exports to Iran (7.67% in the 1st quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 1.63% of US total exports to Iran (17.78% in the 1st quarter of 2016).

The largest gains in US exports to Iran in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Miscellaneous edible preparations (HS code 21) - an increase of $3.2 million;
  • Cocoa and cocoa preparations (HS code 18) - an increase of $1.0 million;
  • Miscellaneous chemical products (HS code 38) - an increase of $0.4 million;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - an increase of $0.4 million;
  • Rubber and articles thereof (HS code 40) - an increase of $0.3 million;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $0.1 million;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $0.1 million;
  • Edible vegetables and certain roots and tubers (HS code 07) - an increase of $0.1 million;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $0.1 million.

The largest declines in US exports to Iran in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - a decrease of $21.9 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $8.7 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $1.8 million;
  • Pharmaceutical products (HS code 30) - a decrease of $0.9 million;
  • Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard (HS code 47) - a decrease of $0.9 million;
  • Organic chemicals (HS code 29) - a decrease of $0.8 million;
  • Albuminoidal substances; modified starches; glues; enzymes (HS code 35) - a decrease of $0.2 million;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - a decrease of $0.2 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $0.1 million;
  • Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) (HS code 42) - a decrease of $0.1 million;
  • Live animals (HS code 01) - a decrease of $0.1 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $0.1 million.
US exports to Iran in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
01 Live animals 0.0 0.00 85.2-100.00
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 51.5 0.25 0.0
05 Products of animal origin, not elsewhere specified or included 2,401.9 11.56 2,270.15.81
07 Edible vegetables and certain roots and tubers 114.9 0.55 0.0
10 Cereals 107.2 0.52 108.4-1.14
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 3,988.3 19.19 25,871.7-84.58
17 Sugars and sugar confectionery 5.4 0.03 0.0
18 Cocoa and cocoa preparations 1,002.3 4.82 0.0
21 Miscellaneous edible preparations 3,868.3 18.62 675.1472.99
23 Residues and waste from the food industries; prepared animal feed 1,410.6 6.79 1,056.933.47
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0.0 0.00 3.1-100.00
29 Organic chemicals 1,387.3 6.68 2,184.4-36.49
30 Pharmaceutical products 1,176.2 5.66 2,120.3-44.53
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 93.3 0.45 268.2-65.21
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 0.0 0.00 21.1-100.00
35 Albuminoidal substances; modified starches; glues; enzymes 8.5 0.04 226.9-96.25
37 Photographic or cinematographic goods 10.2 0.05 31.7-67.82
38 Miscellaneous chemical products 1,405.6 6.76 958.246.69
39 Plastics and articles thereof 8.9 0.04 1,788.5-99.50
40 Rubber and articles thereof 252.8 1.22 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 0.0 0.00 102.5-100.00
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 2,938.3 14.14 3,867.5-24.03
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 117.5 0.57 32.1266.30
54 Man-made filaments 0.0 0.00 26.6-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 9.0 0.04 6.830.75
70 Glass and glassware 6.4 0.03 0.0
75 Nickel and articles thereof 23.6 0.11 0.0
76 Aluminum and articles thereof 24.8 0.12 12.795.77
78 Lead and articles thereof 18.6 0.09 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0.0 0.00 4.6-100.00
83 Miscellaneous articles of base metal 8.7 0.04 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 180.3 0.87 296.4-39.16
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 134.3 0.65 0.0
88 Aircraft, spacecraft, and parts thereof 24.8 0.12 15.955.84
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0.0 0.00 8,727.7-100.00
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 0.0 0.00 20.0-100.00
97 Works of art, collectors’ pieces and antiques 0.0 0.00 63.9-100.00

US Imports from Iran

The major share of US imports from Iran in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Textiles, textile products and footwear (HS codes 50-67) - 73.66% of US total imports from Iran (84.96% in the 1st quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 6.20% of US total imports from Iran (1.01% in the 1st quarter of 2016).

The largest gains in US imports from Iran in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Carpets and other textile floor coverings (HS code 57) - an increase of $6.5 million;
  • Works of art, collectors’ pieces and antiques (HS code 97) - an increase of $2.8 million;
  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - an increase of $0.6 million;
  • Coffee, tea, maté and spices (HS code 09) - an increase of $0.2 million;
  • Sugars and sugar confectionery (HS code 17) - an increase of $0.2 million;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $0.2 million;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - an increase of $0.2 million;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - an increase of $0.2 million.

The largest declines in US imports from Iran in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • No product groups with a substantial decrease.
US imports from Iran in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q1 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
01 Live animals 7.5 0.03 0.0
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 5.0 0.02 0.0
07 Edible vegetables and certain roots and tubers 6.7 0.03 20.9-67.91
08 Edible fruit and nuts; peel of citrus fruit or melons 602.8 2.47 50.31,097.76
09 Coffee, tea, maté and spices 273.7 1.12 49.8449.84
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 11.3 0.05 6.574.61
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 51.8 0.21 0.0
17 Sugars and sugar confectionery 176.5 0.72 0.0
18 Cocoa and cocoa preparations 4.8 0.02 0.0
19 Preparations of cereals, flour, starch or milk; bakers’ wares 171.8 0.70 9.51,702.60
20 Preparations of vegetables, fruit, nuts or other parts of plants 167.6 0.69 0.0
21 Miscellaneous edible preparations 18.8 0.08 0.0
22 Beverages, spirits and vinegar 15.6 0.06 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 1.5 0.01 0.0
44 Wood and articles of wood; wood charcoal 3.9 0.02 0.0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 190.6 0.78 39.1387.81
57 Carpets and other textile floor coverings 17,973.1 73.63 11,498.156.31
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 2.6 0.01 0.0
64 Footwear, gaiters and the like; parts of such articles 4.0 0.02 0.0
69 Ceramic products 5.1 0.02 0.0
74 Copper and articles thereof 41.1 0.17 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 5.8 0.02 0.0
83 Miscellaneous articles of base metal 3.2 0.01 0.0
97 Works of art, collectors’ pieces and antiques 4,663.8 19.11 1,858.8150.90
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce