China shares 25% of Iran ’s imports

Business Materials 30 June 2015 17:13 (UTC +04:00)

Baku, Azerbaijan, June 30

By Umid Niayesh - Trend:

Iran purchased 71.6 percent of its total imported goods in the first five 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 25.24 percent of Iran 's total imports in terms of value and 12.8 percent in terms of volume.

Iran imported 2.1 million metric tons of goods, worth $4.98 billion from China during the 5-month period.

The China exports to Iran witnessed a fall of 6.3 percent in terms of volume, meanwhile the value of the Islamic Republic's imports from China slightly decreased by 0.7, according to Iranian Customs Administration latest monthly report published June 30.

Iran also imported 3.3 million metric tons of goods worth $4.54 billion from the UAE, which marks 23 percent of Iran 's total imports' value.

Iran's imports from the UAE witnessed 31.3 and 31.4 percent fall respectively in terms of value and volume in comparison with the first five months of 2014.

South Korea, Turkey, and India exported $1.86 billion, $1.48 billion, and $1.27 billion worth of goods respectively to Tehran.

India and Turkey's exports value to Iran have decreased by 37.1 percent and 7.8 percent respectively during the period, meanwhile the exports of South Korea to the country indicates a rise of 9.8 percent compared with the same period of preceding year.

While the volume of exports from South Korea to Iran has increased by 44.3 percent, India's exports to the Islamic Republic have fallen by 26.4 percent in terms of volume. The volume of Turkey 's exports to Iran also witnessed a rise by 13.8 percent during the 5-month period.

Iran imported $19.74 billion worth of goods during the first five months of 2015, which indicates a decline of 18.6 percent, compared to the same period of the preceding year.

Tehran's overall non-oil trade turn over stood at $34.51 billion during the first five months of 2015.

Edited by CN

Follow the author on Twitter: @UmidNiayesh