Financial Tribune - Iran�s commercial exchanges with the United States saw a 70% decline during the first seven months of 2019 compared with last year's corresponding period to reach $49 million.

Latest foreign trade data from the US Census Bureau show Iran�s import from the country amounted to 47.8 million from January to July, registering a year-on-year drop of 51%.

This is while Iran exported only $1.2 million worth of goods to the US during the same period, which shows a considerable fall of 98%, Tasnim News Agency reported.

Iran was the United States� 158th export destination and the 202nd exporter of goods to the US during the period. Its import from the US stood at $6.3 million, while Iran�s exports totaled $0.2 million in July.