News in Brief
Annual exports of goods, services to UK top £200m
The UK Department of Trade and Industry said the country’s import of goods and services from Iran in 2023 exceeded £200 million, showing a 15.5 percent growth compared to a year earlier.
According to the latest statistics of the department, the total value of the trade exchanges between Iran and the UK in 2022 topped £389 million, and the figure reached £423 million in 2023, registering an 8.7 percent growth compared to a year earlier.
The United Kingdom exported £222 million worth of products to Iran in 2023, the report said, adding that this European country imported £201 million worth of goods and services from Iran in this timespan.
The UK export of products to Iran in 2023 registered a 3.3 percent growth compared to a year earlier while the UK import of products from Iran registered a 15.5 percent hike, the report added.
The UK exported £12.5 million of medical and pharmaceutical products to Iran in 2023 and imported £4.2 million of fresh fruits and vegetables from Iran in this period.
Iran-US
three-month trade soars 103%
The US Bureau of Statistics said the value of the country’s trade exchanges with Iran in the first three months of the current year (January to March) reached $27.7 million, showing a 103% hike compared to last year’s corresponding period.
According to the report, the trade exchanges between Iran and the United States were $13.6 million from January to March 2023.
They reached $61.2 million in 2023, showing an eight percent hike compared to a year earlier.
The US export of products to Iran registered a 77% hike in the first quarter of 2024.
The United States had exported over $13.4 million of non-oil products to Iran in the first quarter of 2023.
The US import of products from Iran rose from $0.2 million in the first quarter of 2023 to $3.9 million in the same period of the current year, showing a 20-fold hike, the report added.