Iran-China Trade Up 31%

Trade between Tehran and Beijing in the first half of 2017 increased by 31 percent compared to a year earlier, coming in at $18 billion, the China’s customs data showed.

China’s exports to the Islamic Republic in the first half of 2017 also increased by 23 percent compared to the same period in 2016, amounting to $8.8 billion.

The East Asian country’s imports from Iran during the same period grew by 40 percent as well, reaching $9.2 billion. In 2016, China’s imports from Iran stood at $6.5 billion from January to July, the report added.

Back in January 2016, Iranian President Hassan Rouhani held talks with his Chinese counterpart Xi Jinping in Tehran and said, “We predict that the value of economic exchanges between Tehran and Beijing would rise to $600 billion within the next 10 years”.

(Source: Tasnim, under Creative Commons licence)

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