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Raw mineral tops Iran’s non-oil exports to China

Business Materials 15 February 2018 11:36 (UTC +04:00)

Baku, Azerbaijan, Feb. 15‎

By Gazenfer Hamidov – Trend:

A Mineral raw material stood at the top of Iran’s non-oil export list to China, according to the data released by the Asian country’s customs administration.

The Islamic Republic exported $1,373.2 million worth of iron ore to China in 2017.

Iran’s iron ore exports to China registered a huge rise by 68.3 percent, year-on-year. Iran was China’s fifth iron ore supplier after Australia, Brazil, South Africa and India.

The country’s overall iron ore imports accounted to $75,959.9 million in January-December 2017, 34 percent more compared to the 12-month period of 2016.

Iran’s iron ore exports also registered the highest growth among the mineral’s top five suppliers to China.

Top iron ore suppliers to China in 2017

Country

Value 2017

( million USD)

Value 2016

( million USD)

Change %

Australia

46,190

34,970

32

Brazil

17,226

12,435

39

S. Africa

3,503

2,734

28

India

1,751

844

107

Iran

1,373

816

68

Trade turnover between Iran and China stood at $37.18 billion in 2017, 19 percent more year-on-year.

China's exports to Iran in the 12-month period amounted to $18.599 billion, 13.3 percent more year-on-year. The country also imported $18.579 billion worth of goods from Iran in the 12-month period, 25.3 percent more compared to 2016.

China mainly imports crude oil from Iran, which has witnessed price rise in recent months.

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