US trade with Iran in the 4th quarter of 2017

Published or Updated: Apr 05, 2018

The report on US foreign trade in goods with Iran in the 4th quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Iran

In the 4th quarter of 2017, US trade with Iran was $61.2 million, down 24.89% ($20.3 million) from the 4th quarter of 2016.

US exports to Iran in the 4th quarter of 2017 were $44.4 million, down 22.39% ($12.8 million) from the 4th quarter of 2016.

US imports from Iran in the 4th quarter of 2017 were $16.8 million, down 30.80% ($7.5 million) from the 4th quarter of 2016.

US trade surplus with Iran in the 4th quarter of 2017 was $27.7 million, a 16.21% decrease ($5.4 million) over the 4th quarter of 2016.

Iran was the US 141st largest trading partner in the 4th quarter of 2017 (down from 133rd in the 4th quarter of 2016), accounting for 0.0059% of US total trade (down from 0.0085% in the 4th quarter of 2016).

Iran was the US 127th largest export market in the 4th quarter of 2017 (down from 124th in the 4th quarter of 2016), accounting for 0.0109% of US total exports (down from 0.0151% in the 4th quarter of 2016).

Iran was the US 136th largest supplier in the 4th quarter of 2017 (down from 122nd in the 4th quarter of 2016), accounting for 0.0026% of US total imports (down from 0.0042% in the 4th quarter of 2016).

US Exports to Iran

The major share of US exports to Iran in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 30.49% of US total exports to Iran (14.75% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 30.24% of US total exports to Iran (78.29% in the 4th quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 29.53% of US total exports to Iran (1.34% in the 4th quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 9.41% of US total exports to Iran (5.49% in the 4th quarter of 2016).

The largest gains in US exports to Iran in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $12,536.4 thousand;
  • Organic chemicals (HS code 29) - an increase of $2,704.5 thousand;
  • Pharmaceutical products (HS code 30) - an increase of $2,249.0 thousand;
  • Miscellaneous edible preparations (HS code 21) - an increase of $2,061.3 thousand;
  • Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard (HS code 47) - an increase of $1,107.2 thousand;
  • Cocoa and cocoa preparations (HS code 18) - an increase of $952.2 thousand;
  • Products of animal origin, not elsewhere specified or included (HS code 05) - an increase of $666.8 thousand;
  • Miscellaneous chemical products (HS code 38) - an increase of $613.0 thousand;
  • Meat and edible meat offal (HS code 02) - an increase of $533.4 thousand;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - an increase of $362.3 thousand;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $162.3 thousand.

The largest declines in US exports to Iran in the 4th quarter of 2017 over the 4th 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 $35,651.4 thousand;
  • 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) - a decrease of $446.3 thousand;
  • Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - a decrease of $302.1 thousand;
  • Live animals (HS code 01) - a decrease of $144.1 thousand.
US exports to Iran in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q4 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
01 Live animals 575.6 1.30 719.7-20.02
02 Meat and edible meat offal 558.8 1.26 25.52,094.85
05 Products of animal origin, not elsewhere specified or included 1,948.7 4.38 1,281.952.01
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 1,168.5 2.63 36,819.8-96.83
17 Sugars and sugar confectionery 0.0 0.00 69.4-100.00
18 Cocoa and cocoa preparations 1,975.3 4.44 1,023.193.08
20 Preparations of vegetables, fruit, nuts or other parts of plants 0.0 0.00 99.7-100.00
21 Miscellaneous edible preparations 5,629.3 12.67 3,568.157.77
23 Residues and waste from the food industries; prepared animal feed 1,582.8 3.56 1,220.529.69
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 56.1 0.13 7.5648.40
29 Organic chemicals 6,811.7 15.33 4,107.265.85
30 Pharmaceutical products 4,269.3 9.61 2,020.3111.32
31 Fertilizers 130.0 0.29 251.5-48.31
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 122.0 0.27 424.0-71.24
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 48.2 0.11 0.0
35 Albuminoidal substances; modified starches; glues; enzymes 100.0 0.23 230.8-56.67
38 Miscellaneous chemical products 1,959.1 4.41 1,346.145.54
39 Plastics and articles thereof 55.7 0.13 59.2-5.83
47 Pulp of wood or of other fibrous cellulosic material; waste and scrap of paper or paperboard 4,160.2 9.36 3,053.136.26
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 19.8 0.04 70.0-71.79
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 22.5-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 19.9 0.04 8.4136.26
57 Carpets and other textile floor coverings 6.5 0.01 0.0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 25.0 0.06 0.0
74 Copper and articles thereof 21.0 0.05 12.371.43
75 Nickel and articles thereof 35.4 0.08 44.3-20.00
76 Aluminum and articles thereof 16.8 0.04 12.040.60
81 Other base metals; cermets; articles thereof 3.5 0.01 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 18.1 0.04 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 171.4 0.39 65.1163.47
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 253.7 0.57 700.0-63.76
88 Aircraft, spacecraft, and parts thereof 162.3 0.37 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 12,536.4 28.21 0.0

US Imports from Iran

The major share of US imports from Iran in the 4th quarter of 2017 (and in the 4th quarter of 2016) was accounted for the following product types:

  • Textiles, textile products and footwear (HS codes 50-67) - 94.00% of US total imports from Iran (45.75% in the 4th quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 5.28% of US total imports from Iran (3.92% in the 4th quarter of 2016).

The largest gains in US imports from Iran in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Carpets and other textile floor coverings (HS code 57) - an increase of $4,677.7 thousand;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $225.7 thousand;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - an increase of $63.5 thousand.

The largest declines in US imports from Iran in the 4th quarter of 2017 over the 4th quarter of 2016 were recorded for the following product groups:

  • Works of art, collectors’ pieces and antiques (HS code 97) - a decrease of $12,070.4 thousand;
  • Edible fruit and nuts; peel of citrus fruit or melons (HS code 08) - a decrease of $428.3 thousand.
US imports from Iran in the 4th quarter of 2017 by product groups
HS
code
Name of product group Value
of imports
in Q4 2017
(USD thousand)
Share
in total import
(%)
Value
of imports
in Q4 2016
(USD thousand)
Change
in Q4 2017
over Q4 2016
(%)
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 44.5 0.27 0.0
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 0.0 0.00 14.0-100.00
07 Edible vegetables and certain roots and tubers 31.5 0.19 37.6-16.21
08 Edible fruit and nuts; peel of citrus fruit or melons 152.6 0.91 581.0-73.73
09 Coffee, tea, maté and spices 152.0 0.91 181.1-16.07
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 5.7 0.03 0.0
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 14.0 0.08 0.0
17 Sugars and sugar confectionery 68.6 0.41 39.971.71
19 Preparations of cereals, flour, starch or milk; bakers’ wares 126.4 0.75 63.0100.83
20 Preparations of vegetables, fruit, nuts or other parts of plants 247.7 1.48 22.01,026.52
21 Miscellaneous edible preparations 2.4 0.01 13.1-81.39
22 Beverages, spirits and vinegar 40.7 0.24 0.0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 2.3 0.01 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 2.9 0.02 23.9-87.95
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 46.5 0.28 38.321.39
57 Carpets and other textile floor coverings 15,771.3 94.00 11,093.642.17
62 Articles of apparel and clothing accessories, not knitted or crocheted 0.9 0.01 0.0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 3.6 0.02 0.0
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 4.3-100.00
97 Works of art, collectors’ pieces and antiques 64.5 0.38 12,134.9-99.47
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce