Iran–United States Relations - Economic Relations

Economic Relations

See also: Economy of the United States, Economy of Iran, Agriculture in Iran, Healthcare in Iran, and Iran-United States copyright relations

Trade between Iran and the United States reached $623 million in 2008. According to the United States Census Bureau, American exports to Iran reached $93 million in 2007 and $537 million in 2008. American imports from Iran decreased from $148 million in 2007 to $86 million in 2008. This data does not include trade conducted through third countries to circumvent the trade embargo. It has been reported that the United States Treasury Department has granted nearly 10,000 special licenses to American companies over the past decade to conduct business with Iran.

American exports to Iran include cigarettes ($73 million), corn ($68 million); chemical wood pulp, soda or sulfate ($64 million); soybeans ($43 million); medical equipment ($27 million); vitamins ($18 million); and vegetable seeds ($12 million). In 2010, American exports to Iran dropped by 50% to $281.8 million.

Read more about this topic:  Iran–United States Relations

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