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Iran’s exports to China decreases by 15%

Business Materials 4 October 2015 17:52 (UTC +04:00)

Baku, Azerbaijan, Oct. 4

By Umid Niayesh - Trend:

Iran exported 17.56 million tons of non-oil goods, worth $5.33 billion to China during the first eight months of 2015.

Iran's non-oil exports to China witnessed a fall of 15.3 percent in terms of value while the volume of the Islamic Republic's non-oil exports to China decreased by 25.4 percent according to Iranian Customs Administration latest monthly report published Oct. 4.

China was the main importer of Iranian goods in the mentioned period. Beijing 's imports accounted for 22.7 percent of Iran 's total non-oil exports in terms of value and 33.3 percent in terms of volume.

After China, Iraq (with $4.34 billion), the UAE (with $3.64 billion), India ($1.9 billion) and Afghanistan (with $1.67 billion) were the other four biggest importers of Iranian goods.

The five countries imported 71.9 percent of Iran 's total non-oil exports in terms of value in the first eight months of the current year.

The UAE's imports from Iran indicate an increase by 42.5 percent, meanwhile the Islamic Republic's exports to Iraq and Afghanistan has witnessed a rise by 12.3 percent and 10.8 percent respectively.
Iran's exports to India also witnessed a huge rise of 33 percent during the period in comparison with the first eight months of 2014.

Tehran's non-oil exports (excluding condensates) surpassed $23.5 billion during the first eight months of 2015, indicating an increase by four percent compared to the same period of the preceding year.

Tehran's overall non-oil trade turn over stood at $54.96 billion during the period. Imports shared 57.2 percent of the mentioned figure.

Follow the author on Twitter: @UmidNiayesh

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