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The US and EU: Iranian imports and exports

Publication Date: 11 May 2018 - By Market Mogul By Market Mogul
Actionable
Differentiated

Macro Multi Asset FX MENA USA Energy

President Donald Trump may have brought peace to the Korean Peninsula but his tearing up of the so-called Iran deal might have a less happy ending.

A quick look at the amount of trade between the US and Iran sheds light on why Trump might be so willing to scrap the status quo: Iran and the US barely trade with one another. Last year, US-Iranian trade amounted to a measly $200m.

The same, however, cannot be said for the European Union, whose trade with the Middle Eastern nation is at an all-time high of $25bn per annum. Airbus, which is replacing Iran’s carrier fleet, and Royal Dutch Shell, which has taken an active role in Iran’s energy sector, are just two of the big-name EU companies operating there.

 

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