IFP Exclusive

Iran’s Exports to US Increase by 450 Percent

New figures reveal that the volume and value of Iran’s exports to the US has increased by 450 percent and 333 percent respectively.

The Director of the Exports Bureau of the Trade Promotion Organization (TPO), Mahmoud Bazari, says at present most of the agricultural and food brands in Iran export their products to the US.

However, he said, we hope that companies active in this field won’t face any serious problems due to the fallouts of the US withdrawal from the Iran nuclear deal, a report by Khabar Online said.

Bazari said the TPO is now working on exporting further agricultural products to the US markets, adding the exports have great added-value for the Iranian brands.

He went on to say that the TPO has already begun exporting some dairy products to the US including ice cream.

He also said Iranian brands in various areas have been exporting their products to the US since a long time ago through third countries like Mexico, Canada and European states.

“For the time being, a number of Iran’s leading agriculture and dairy brands have a good share in the US market,” he noted.

Bazari said despite the fact that the US is a far market, the added value of products exported to the country has turned it into a good target market for the Iranian brands.

During the first month of the current Iranian calendar year (mid-March to mid-April), the volume of Iran’s exports to the US hit 77 tonnes, and its value stood at $1.311m, and this shows 450% and 333% increases, respectively, compared to the previous year.

Iran’s imports from the US hit 2,514 tonnes worth $7.477m in the first month of this Persian year which compared to last year’s corresponding period show a 215 percent and 150 percent respectively in terms of volume and value.

As part of its withdrawal from the deal, the US administration has pledged to re-impose sweeping sanctions against Iran with immediate effect. That effectively blocks new contracts with Iran and business operations in the country.

But the US has gone further by saying it will also require companies to “wind down” existing contracts with Iran in either 90 days or 180 days. After August 6, the US will re-impose curbs on Iran’s purchase or acquisition of US dollars, as well as any global trading in Iran’s gold, coal, steel, cars, currency and debt, plus imports of Iranian carpets into the US.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Iran strongly condemns Israeli official West Bank annexation comment

Iranian Foreign Ministry Spokesman has strongly condemned an Israeli cabinet minister’s statement regarding the annexation…

9 hours ago

Minister: Iran’s population will decrease to 35 million in over 7 decades

Iran’s interior minister issues a stark warning about the aging population of the country if…

10 hours ago

Iran reeling from murder of heart specialist

Iranians are still reeling from the murder of a heart specialist in the country where…

13 hours ago

Heavy autumn snow blankets Damavand

The first autumn snow has whitened the heights of northeastern Tehran.

13 hours ago

Iran says 4 Israeli-backed terrorists killed, 7 injured in anti-terror operation

An Iranian official has announced that four mercenary terrorists affiliated with the Zionist regime were…

13 hours ago

US says to continue sending arms to Israel despite dire conditions in Gaza

The United States will not change its policy on weapons transfers to Israel even though…

15 hours ago