Iran-China Trade Down by 7.7%

The total value of trade between Iran and China in 2016 fell by 7.7 percent compared to a year earlier, the East Asian country’s customs data showed.

The value of transactions between Iran and China in 2016 stood at $31.2 billion, showing a 7.7 percent decrease compared to the same figure in 2015, the latest data released by China’s customs office showed.

The total value of bilateral trade between the two Asian countries in 2015 had amounted to $33.8 billion, according to the report.

China’s exports to the Islamic Republic in 2016 also decreased by 7.6 percent compared to the exports a year earlier, amounting to $16.4 billion.

China, nonetheless, remains Iran’s top trade partner. The value of trade between Tehran and Beijing stood at some $52 billion in 2014.

(Source: Tasnim, under Creative Commons licence)

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