Trade between Iran and the US amounted to $177 million in the first nine months of 2016, according to US government data.
The US trade in goods with Iran in January-September 2016 has decreased by five percent compared to the corresponding period in 2015 when the figure was $185 million, according to the data released by the US Census Bureau.
During the 9-month period, the value of US exports to Iran has stood at $114.9 million while US imports of Iranian goods reached $62.1 million.
The figures show a sixfold rise in the value of Iranian exports to the US during the nine-month period, while US exports to Iran has decreased by more than 60 percent in comparison the figures for the same period in 2015.
The US had not imported any goods from Iran in 2014 and in the first eleven months of 2015.
Iran-US trade has fallen remarkably in recent years in the wake of Western sanctions on Iran over its nuclear program and the Joint Comprehensive Plan of Action (JCPOA) — a nuclear agreement between Iran and the P5+1 (Russia, China, the US, Britain, France and Germany) which came into force in January — has helped to change the trend.
