China’s Exports to Iran Down by 9.5% in 11 Months

The total value of China’s exports to the Islamic Republic from January to November has decreased by 9.5 percent compared to the same period last year, the East Asian country’s customs data showed.

In its latest report, China’s customs office announced that the country has exported $14.6 billion worth of goods to Iran from January to November 2016.

The figure shows a 9.5 decrease compared to the value of its exports to Iran in the same period last year, which amounted to $16.2bln.

According to the data, the total value of the trade between the two countries from January to November 2016 stood at $27.8bln, indicating a 10.4 decrease compared to the same period in 2015.

The bilateral trade between Iran and China had reached $31bln in the 11-month period in 2015, the report said.

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

(Source: Tasnim, under Creative Commons licence)

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