Trade in goods with USA SITC (Standard International Trade Classification)
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Iran trade flows with USA by SITC*) product sections during 2021/7 - 2021/11

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2021/7
%
2021/8
%
2021/9
%
2021/10
%
2021/11
%
Export0.0 0.0 0.0 0.0 0.0
Import0.0 0.0 0.0 0.0 0.0
Trade in Goods0.0 0.0 0.0 0.0 0.0

USA's foreign trade with Iran, exports to Iran and imports from Iran in November 2021


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In November Iran was USA's 183. most important foreign trade partner. Improvement from the previous month was 6 places. Most of the the value of trade consists of USA's exports to Iran. Amounting trade to worth of $3.4 million was 116.4 per cent bigger than in November of the previous year. During the month, the balance of trade with Iran was $3.3 million of surplus.

The value of imports from Iran decreased strongly, by 48.8 per cent compared to in November of the previous year. The import amounted to $82.4 thousand in November 2021. More than half of the value of imports was in Sitc892 (printed matter) representing a share of 84.4 per cent.

Exports to Iran more than doubled from the previous year's November. The value of exports was $3.3 million. The largest product groups of exports were: Sitc774 (electrodiagnostic apparatus for medical, surgical, dental or veterinary purposes, and radiological apparatus), which represented a share of 34.8 per cent of total exports, Sitc872 (instruments and appliances, n.e.s., for medical, surgical, dental or veterinary purposes) 20.5 % and Sitc541 (medicinal and pharmaceutical products, other than medicaments of group 542) 16.5 % of the exports.

Development during January-November 2021

During January-November trade in goods with Iran has grown slower than USA's trade in goods with the rest of the world. During January-November, the value of trade in goods between the two countries rose to $37 million. Growth compared to the corresponding period of the previous year was 1.6 percent. During January-November the value of imports was $1.1 million. The export value was $36 million. Compared to the corresponding period January - November in 2020, the value of imports during this period decreased by 71.0 %. The largest product group in terms of imports has been Sitc714 (engines and motors, non-electric (other than those of groups 712, 713 and 718); parts, n.e.s., of these engines and motors), worth $402.9 thousand. In export the largest value had Sitc872 (instruments and appliances, n.e.s., for medical, surgical, dental or veterinary purposes), worth being $11 million. The value of exports during this period increased by 10.1 %. The trade balance between USA and Iranin between January and November was in surplus for USA. The timing surplus was $35 million.


Table: USA's export to Iran (IR) during 2021/7 - 2021/11

2021 / 72021 / 82021 / 92021 / 102021 / 11
million $%million $%million $%million $%million $%
5. Chemicals and related products,n.e.s. 0.6 22.5 0.6 22.3 1.4 33.3 1.6 47.1 1.2 34.7
54. Medicinal and pharmaceutical products 0.4 14.4 0.3 10.4 0.8 19.4 0.6 18.4 0.6 18.2
59. Chemical materials and products,n.e.s. 0.2 8.1 0.2 8.9 0.5 12.1 0.6 18.3 0.6 16.5
7. Machinery,transport equipment 0.1 2.1 0.8 32.2 0.8 19.8 0.3 7.8 1.2 34.9
77. Electric machinery,n.e.s.and parts 0.1 2.1 0.8 32.2 0.8 18.8 0.3 7.8 1.2 34.9
8. Miscellaneous manufactured articles 1.9 70.8 1.2 45.5 2.0 46.9 1.3 38.0 1.0 30.4
87. Instruments and apparates n.e.s. 1.5 58.3 1.2 45.3 1.5 36.6 1.2 35.8 0.9 26.5
0-9. All groups combined 2.7 100.0 2.6 100.0 4.2 100.0 3.5 100.0 3.3 100.0

Source: US Census Bureau

Table: Import from Iran (IR) to USA during 2021/7 - 2021/11

2021 / 72021 / 82021 / 92021 / 102021 / 11
million $%million $%million $%million $%million $%

Source: US Census Bureau

Year level (Sitc)

Year 2021 January - November (Sitc)


Year level of Advanced Technology Products (ATP)

Advanced Technology Products (ATP) of last published months

Year 2021 January - November (ATP)

USA's Trade in Goods Start Page