Iran’s exports to China decrease

Business Materials 31 May 2015 16:11 (UTC +04:00)

Baku, Azerbaijan, May 31

By Umid Niayesh - Trend:

Iran exported 8.28 million metric tons of non-oil goods, worth $2.7 billion to China during the first four months of 2015.

Iran's non-oil exports to China witnessed a fall of 11.4 percent in terms of value, meanwhile the volume of the Islamic Republic's non-oil exports to China decreased by 39.7 percent, according to Iranian Customs Administration latest monthly report published May 30.

China was the main importer of Iranian goods in the mentioned period. Beijing's imports accounted for 23.3 percent of Iran's total non-oil exports in terms of value and 34 percent in terms of volume.

After China, Iraq (with $1.93 billion), the UAE (with $1.58 billion), India ($933 million) and Turkey (with $827 million) were the other four biggest importers of Iranian goods.

The five countries imported 68.6 percent of Iran's total non-oil exports in terms of value in the first four months of the current year.

The UAE's imports from Iran indicate an increase by 28 percent, meanwhile the Islamic Republic's exports to Turkey and India has witnessed a rise by 51 percent and 55 percent respectively.

Iran's exports to Iraq also witnessed a fall by 0.6 percent during the period in comparison with the first four months of 2014.

Tehran's non-oil exports (excluding condensates) surpassed $11.6 billion during the first four months of 2015, indicating an increase by eight percent year on year.

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

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