Iran and the US have completed trade amounting to $177 million in the first nine months of 2016, according to US government data.

The US trade in goods with Iran during January-September 2016 decreased by five per cent compared to the corresponding period in 2015 when the figure was $185 million, according to the data released by the US Census Bureau, said an Iran Daily News report.

During the nine-month period, the value of US exports to Iran stood at $114.9 million while US imports of Iranian goods reached $62.1 million, it said.

The figures show a six-fold rise in the value of Iranian exports to the US during the nine-month period, while US exports to Iran decreased by more than 60 per cent in comparison the figures for the same period in 2015.