China ranks first destination for Iran's export

Iran Materials 7 September 2011 11:29

Azerbaijan, Baku, Sept. 7 /Trend/

Iran's exports to China during the first six month of 2011 reached a 41.35 percent increase in weight and a 16.69 percent increase in value, ISNA reported.

During the first six months of 2011, China has become a major destination for Iran's exports, while Iraq and UAE are one step behind with 14.26 and 13.44 percent increases in value.

Over the same period, Iran exported 12.571 tons of commodities to China, which valued at $2,471 million.

Iran exported 4,124 tons in commodities to Iraq during the same timeframe, which valued at $2,320 million. The country's export to UAE reached 2,893 tons, and valued at $1,741 million.

According to the International Monetary Fund (IMF), Iran is the third largest country in the Middle East and Central Asia in terms of exports and imports.