Iran-China non-oil trade turnover falls by 2,7 percent

Business Materials 22 August 2012 13:02 (UTC +04:00)

Azerbaijan, Baku, Aug. 22 /Trend S.Isayev, T. Jafarov/

The non-oil trade turnover between Iran and China has reduced by 2,7 percent, according to the Statistics Committee of Iran, ISNA reported.

According to the statistical report, the non-oil trade turnover has reduced to $3,7 billion in the first 4 months of the year (Iranian year ends on March 20).

In the first four months of the year, Iran's exports to China fell by 11 percent, to $2,6 billion, while China's exports to Iran have increased by 4 percent, reaching $2,1 billion.

Iran has been exporting polyethylene and methanol to China, in turn importing tractors, various chemicals, reciprocating engines, various spare parts for vehicles, steel and polystyrene.

Iran's revenues from non-oil sector reached $50 bln from $7 bln in ten years, deputy minister of industries and mines for international affairs Ali Asghar Ramzi said earlier this month.

Ramzi noted that major growth in non-oil sector has been reached during the two of country's 5-year development plans.