US trade with Iran in the first half of 2017

Published or Updated: Oct 23, 2017

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

US Trade with Iran

In the first half of 2017, US trade with Iran was $78.0 million, down 28.67% ($31.3 million) from the first half of 2016.

US exports to Iran in the first half of 2017 were $41.3 million, down 42.51% ($30.6 million) from the first half of 2016.

US imports from Iran in the first half of 2017 were $36.7 million, down 2.10% ($0.8 million) from the first half of 2016.

US trade surplus with Iran in the first half of 2017 was $4.7 million, a 86.49% decrease ($29.8 million) over the first half of 2016.

Iran was the US 148th largest trading partner in the first half of 2017 (down from 135th in the first half of 2016), accounting for 0.0041% of US total trade (down from 0.0061% in the first half of 2016).

Iran was the US 146th largest export market in the first half of 2017 (down from 127th in the first half of 2016), accounting for 0.0055% of US total exports (down from 0.0101% in the first half of 2016).

Iran was the US 129th largest supplier in the first half of 2017 (down from 128th in the first half of 2016), accounting for 0.0031% of US total imports (down from 0.0034% in the first half of 2016).

US Exports to Iran

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

  • Food products and agricultural raw materials (HS codes 01-24) - 51.17% of US total exports to Iran (54.84% in the first half of 2016);
  • Chemical products (HS codes 28-40) - 23.34% of US total exports to Iran (18.76% in the first half of 2016);
  • Wood and wood products (HS codes 44-49) - 21.32% of US total exports to Iran (11.32% in the first half of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 3.65% of US total exports to Iran (14.57% in the first half of 2016).

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

  • Miscellaneous edible preparations (HS code 21) - an increase of $4.1 million;
  • Cocoa and cocoa preparations (HS code 18) - an increase of $1.6 million;
  • Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard (HS code 47) - an increase of $0.5 million;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $0.4 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 $0.4 million;
  • Miscellaneous chemical products (HS code 38) - an increase of $0.4 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.4 million;
  • Rubber and articles thereof (HS code 40) - an increase of $0.3 million;
  • Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included (HS code 04) - an increase of $0.2 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 first half of 2017 over the first half 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 $22.9 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $10.1 million;
  • Plastics and articles thereof (HS code 39) - a decrease of $2.9 million;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - a decrease of $1.0 million;
  • Pharmaceutical products (HS code 30) - a decrease of $0.8 million;
  • Albuminoidal substances; modified starches; glues; enzymes (HS code 35) - a decrease of $0.3 million;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - a decrease of $0.3 million;
  • Organic chemicals (HS code 29) - a decrease of $0.2 million;
  • Cereals (HS code 10) - a decrease of $0.2 million;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $0.1 million;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - a decrease of $0.1 million.
US exports to Iran in the first half of 2017 by product groups
HS
code
Name of product group Value
of exports
in first-half 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in first-half 2016
(USD thousand)
Change
in first-half 2017
over first-half 2016
(%)
01 Live animals 118.9 0.29 85.239.57
03 Fish and crustaceans, molluscs and other aquatic invertebrates 32.0 0.08 161.5-80.19
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 161.7 0.39 0.0
05 Products of animal origin, not elsewhere specified or included 4,063.8 9.84 4,191.7-3.05
07 Edible vegetables and certain roots and tubers 196.5 0.48 118.765.56
08 Edible fruit and nuts; peel of citrus fruit or melons 40.6 0.10 0.0
10 Cereals 107.2 0.26 259.8-58.73
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 7,182.8 17.39 30,042.7-76.09
17 Sugars and sugar confectionery 21.9 0.05 0.0
18 Cocoa and cocoa preparations 1,586.1 3.84 0.0
21 Miscellaneous edible preparations 5,879.5 14.23 1,822.9222.53
23 Residues and waste from the food industries; prepared animal feed 1,749.3 4.23 2,732.3-35.98
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 4.4 0.01 3.140.92
29 Organic chemicals 2,338.3 5.66 2,505.4-6.67
30 Pharmaceutical products 3,682.8 8.91 4,460.2-17.43
31 Fertilizers 69.0 0.17 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 10.2 0.02 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 212.8 0.52 519.7-59.05
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 49.7 0.12 38.329.78
35 Albuminoidal substances; modified starches; glues; enzymes 178.6 0.43 525.6-66.02
37 Photographic or cinematographic goods 21.9 0.05 47.5-54.00
38 Miscellaneous chemical products 2,719.2 6.58 2,357.315.35
39 Plastics and articles thereof 90.2 0.22 3,028.7-97.02
40 Rubber and articles thereof 265.8 0.64 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 8,640.3 20.91 8,095.76.73
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 165.8 0.40 32.1417.03
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 10.3-100.00
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 17.5 0.04 37.8-53.75
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 6.1 0.01 0.0
70 Glass and glassware 9.3 0.02 2.9217.92
74 Copper and articles thereof 12.3 0.03 17.7-30.79
75 Nickel and articles thereof 95.7 0.23 55.572.42
76 Aluminum and articles thereof 38.6 0.09 31.024.60
78 Lead and articles thereof 18.6 0.05 0.0
81 Other base metals; cermets; articles thereof 3.8 0.01 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 7.4 0.02 4.661.20
83 Miscellaneous articles of base metal 8.7 0.02 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 712.2 1.72 356.699.75
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 390.1 0.94 16.42,272.62
88 Aircraft, spacecraft, and parts thereof 400.6 0.97 21.91,729.08
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 4.4 0.01 10,073.7-99.96
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 first half of 2017 (and in the first half of 2016) was accounted for the following product types:

  • Textiles, textile products and footwear (HS codes 50-67) - 79.19% of US total imports from Iran (80.03% in the first half of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 6.23% of US total imports from Iran (1.31% in the first half of 2016);
  • Wood and wood products (HS codes 44-49) - 1.43% of US total imports from Iran (0.18% in the first half of 2016).

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

  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - an increase of $0.8 million;
  • Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans (HS code 49) - an increase of $0.5 million;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $0.3 million;
  • Sugars and sugar confectionery (HS code 17) - an increase of $0.2 million;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - an increase of $0.2 million;
  • Coffee, tea, maté and spices (HS code 09) - an increase of $0.2 million.

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

  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $2.2 million;
  • Carpets and other textile floor coverings (HS code 57) - a decrease of $1.0 million.
US imports from Iran in the first half of 2017 by product groups
HS
code
Name of product group Value
of imports
in first-half 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in first-half 2016
(USD thousand)
Change
in first-half 2017
over first-half 2016
(%)
01 Live animals 7.5 0.02 0.0
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 5.0 0.01 0.0
07 Edible vegetables and certain roots and tubers 26.7 0.07 35.0-23.80
08 Edible fruit and nuts; peel of citrus fruit or melons 951.1 2.59 180.0428.27
09 Coffee, tea, maté and spices 365.6 1.00 187.395.23
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 53.8 0.15 11.5369.74
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 91.5 0.25 6.31,350.26
17 Sugars and sugar confectionery 212.8 0.58 10.31,975.22
18 Cocoa and cocoa preparations 4.8 0.01 0.0
19 Preparations of cereals, flour, starch or milk; bakers’ wares 205.7 0.56 25.1720.27
20 Preparations of vegetables, fruit, nuts or other parts of plants 302.4 0.82 31.7854.96
21 Miscellaneous edible preparations 29.2 0.08 2.9892.39
22 Beverages, spirits and vinegar 28.2 0.08 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 0.00 0.0
44 Wood and articles of wood; wood charcoal 3.9 0.01 0.0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 520.5 1.42 67.4671.86
53 Other vegetable textile fibers; paper yarn and woven fabric of paper yarn 17.5 0.05 0.0
57 Carpets and other textile floor coverings 29,004.5 79.11 29,969.8-3.22
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 2.6 0.01 0.0
60 Knitted or crocheted fabrics 3.8 0.01 0.0
61 Articles of apparel and clothing accessories, knitted or crocheted 0.6 0.00 0.0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.4 0.00 0.9-56.65
64 Footwear, gaiters and the like; parts of such articles 4.0 0.01 0.0
69 Ceramic products 5.1 0.01 0.0
73 Articles of iron or steel 3.6 0.01 0.0
74 Copper and articles thereof 41.1 0.11 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 4,760.1 12.98 6,920.6-31.22
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce