China’s exports to Iran increase by 37%

Business Materials 3 March 2015 15:11 (UTC +04:00)

Baku, Azerbaijan, March 3

By Umid Niayesh - Trend:

Iran purchased 69.75 percent of its total imported goods in the first 11 months of the current fiscal year (March 21, 2014-Feb. 20) from five countries - China, the United Arab Emirates, South Korea, Turkey and India.

The China exports to Iran witnessed an increase of 36.94 percent in terms of value., while the volume of the Islamic Republic's imports from China registered a 24.58 percent rise year on year.

Iran's imports from China accounted for 24 percent of its total imports in terms of value in the 11-month period.

China exported $11.581 billion worth of goods to Iran in the period which made the country main exporter of goods to the Islamic Republic, Iran's Customs Administration said March 2 in its latest monthly report.

The volume of Iran's imports from China stood at 4.943 million metric tons in the period.

Iran also imported 7.597 million metric tons of goods worth $11.216 billion from the UAE, which makes up 23.24 percent of Iran's total imports' value.

Iran's imports from the UAE witnessed 12 and 12.3 percent rise respectively in terms of value and volume in comparison with the first 11 months of last fiscal year (March 21, 2013-Feb. 20, 2014).

South Korea, Turkey and India respectively exported $3.903 billion, $3.492 billion, and $3.467 billion worth of goods to Tehran in the 11-month period of current fiscal year.

South Korea and Turkey's exports value to Iran have increased by 16.64 percent and 7.84 percent respectively during the period, meanwhile the exports of India to the country indicates a fall by 7.53 percent compared with the same period of preceding year.

While the volume of exports from South Korea to Iran has fallen by 2.9 percent, India's exports to the Islamic Republic increased by 5.76 percent in terms of volume. The volume of Turkey's exports to Iran has increased by 32.55 percent year on year.

Iran imported $48.258 billion worth of goods during the first 11 months of current fiscal year, which indicates a rise by 12.3 percent, compared to the same period of the preceding year.

Iran's overall non-oil trade turn over stood at $94.564 billion during the period.

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