China Reports Rise in Trade with Iran

Data released by the Chinese Customs Administration indicate that the value of China’s trade exchange with Iran in 2017 has increased by 19 percent compared to the previous year.

Figures show that trade turnover between Iran and China has stood at $37.18 billion in 2017, around 19 percent higher than 2016.

China’s exports to Iran in the 12-month period reached $18.599 billion, up 13.3 percent on the corresponding period last year.

Figures also show that China has exported $2.065 billion worth of goods to Iran in December 2017, compared to $1.8 billion worth of exports in December 2016.

China has also imported $18.579 billion worth of goods from Iran in 2017, around 25 percent higher than 2016.

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. In 2016, China’s imports from Iran had stood at $6.5 billion from January to July.

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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