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Trade between Iran, USA hits $147.5m in Jan-Oct

Trade between Iran, USA hits $147.5m in Jan-Oct

TEHRAN: The Iran-U.S bilateral trade have reached $147.5 million from January to October 2014, with one hundred percent of the sum related to U.S. exports to Iran, according to a reported released by the U.S. Census Bureau statistics here the other day.

The report says the worth of U.S. exports to Iran amounted to $15.5 million in October from $11.4 million in September, the ISNA news agency reported on here the other day.

Iran transacted non-oil goods with 177 countries in the past Iranian calendar year, which ended on March 20, according to the Iran Customs Administration.

The balance of trade with 91 countries was positive.

The country exported $31.332 billion of non-oil goods, excluding gas condensates, and imported $50.818 billion of non-oil goods during the 12-month period.

Iran had the highest positive trade balance with Iraq, Afghanistan, Turkmenistan, Egypt, and Azerbaijan, while it registered the highest negative trade balance with the United Arab Emirates, South Korea, Switzerland, China, and Germany.