(Persia Digest) – The latest statistics published by the United States Census Bureau show that trade between Iran and the US has had a drastic increase in the same month when non-oil sanctions were reimposed on Iran.
Following a unilateral US exit from the 2015 JCPOA accord on 6 August, non-oil sanctions were reimposed on Iran, such as its automotive, gold, pistachio, and carpet industries.
But the above report indicates that US exports to Iran increased by 4 percent in the current month as compared to last month, reaching USD 149.8MM. The US exports figure to Iran was USD 34.7MM in August 2018.
US exports to Iran in July 2018 rose 5 times to USD 35.7MM as compared to a same period last year.
US imports from Iran in August 2018 were 2 times higher than the same period last year and reached USD 7.1MM. The United States imported USD 3.6 million worth of goods from Iran in August last year.
Significant growth in US-Iranian trade at the start of sanctions reflects the opposition and dissatisfaction of its trading community with the unilateral move by Trump to withdraw from the nuclear deal.
The withdrawal from the nuclear deal has also faced widespread international opposition.
According to the report, in the first eight months of this year, total trade between Iran and the United States was USD 312.4MM, an increase of 150% from the same period last year.
US exports to Iran in the first eight months of this year increased by 198 percent to USD 245.1 MM, while imports from Iran grew by 57 percent to USD 67.3 MM.
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