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The U.S. Bureau of Statistics, in its latest report, pointed to a 112 percent growth in the trade exchanges between Iran and the United States in January-February 2024. Iran and the U.S. exchange of trade in January- February 2023 had been reported to be $9.6 million, and the figure reached $20 million in the first two months of 2024, rising more than threefold.
The United States exported over $16.6 million of products to Iran in January-February 2024, showing a 74 percent hike compared to the same period last year. According to the report, the U.S. had exported $9.5 million worth of products to Iran in the same period last year. The U.S. import of products from Iran hit $3.8 million in the mentioned two months, 38 times more than the figure for the last year’s corresponding period.
Iran ranked 148th among the U.S. export target markets in January-February 2024, the report added. According to this report, American exports to Iran in the second month of this year reached $9.4 million with a growth of 46 percent compared to February of the previous year. This month, America imported $0.4 million worth of goods
Iran’s Minister of Transport and Urban Development has announced that the government plans to connect the Chabahar port in southeastern Iran to the country’s railway network through the city of Zahedan by the end of the current Iranian year ( late March 2025).
The secretary of Iran’s Supreme Council of Free Industrial-Trade and Special Economic Zones said sea passenger lines are planned to be launched from Qeshm and Kish islands to the Sultanate of Oman and Dubai in the United Arab Emirates (UAE).
The Bank for International Settlements (BIS) put Iran’s total deposits with foreign banks and financial institutions at more than $13 billion.
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