China remains top goods exporter to Iran

Business Materials 31 May 2015 15:02 (UTC +04:00)

Baku, Azerbaijan, May 31

By Umid Niayesh - Trend:

Iran purchased 71.1 percent of its total imported goods in the first four months of 2015 from five countries - China, the United Arab Emirates, South Korea, Turkey and India.

China was the main exporter of goods to Iran in the mentioned period. Beijing's exports accounted for 24.8 percent of Iran's total imports in terms of value and 12.2 percent in terms of volume.

Iran imported 1.56 million metric tons of goods, worth $3.83 billion from China during the 4-month period.

The China exports to Iran witnessed a fall of 9.1 percent in terms of volume, meanwhile the value of the Islamic Republic's imports from China remained almost unchanged, according to Iranian Customs Administration latest monthly report published May 31.

Iran also imported 2.5 million metric tons of goods worth $3.4 billion from the UAE, which marks 22 percent of Iran's total imports' value.

Iran's imports from the UAE witnessed 36.8 and 37.6 percent fall respectively in terms of value and volume in comparison with the first four months of 2014.

South Korea, Turkey and India, respectively exported $1.48 billion, $1.24 billion, and $1.1 billion worth of goods to Tehran.

India and Turkey's exports value to Iran have decreased by 35.9 percent and 4.6 percent respectively during the period, meanwhile the exports of South Korea to the country indicates a rise of 7.4 percent compared with the same period of preceding year.

While the volume of exports from South Korea to Iran has increased by 41 percent, India's exports to the Islamic Republic has fallen by 22.8 percent in terms of volume. The volume of Turkey's exports to Iran also witnessed a fall by 4.6 percent during the 4-month period.

Iran imported $15.46 billion worth of goods during the first four months of 2015, which indicates a fall by 20.3 percent, compared to the same period of the preceding year.

Tehran's overall non-oil trade turn over stood at $27.1 billion during the period. Imports shared 57 percent of the mentioned figure.

Follow the author on Twitter: @UmidNiayesh