Iran’s export to China registers significant growth in July
Baku, Azerbaijan, Sept. 2
Trade balance between Iran and China increased to $3.95 billion in favor of Iran during the first seven months of the current year.
China's exports to Iran in the 7-month period amounted to $9.604 billion, registering 7.5 percent fall year-on-year, according to the latest data released by the Chinese Customs Administration.
The country also imported $13.55 billion worth of goods from Iran in January-July 2018, 30.2 percent more compared to the same months of 2017.
Iran’s exports to China in July 2018 witnessed a significant rise by 87 percent to $2.285 billion compared to July 2017.
The value also registered a 45 percent growth compared to June 2018, when Iran exported $1.57 billion worth of goods to the Asian country.
In the same month, China exported $1.2 billion worth of various commodities to the Islamic Republic, which was 23.6 percent less compared to July 2017.
Trade turnover between Iran and China amounted to $37.18 billion in 2017, indicating a 19 percent rise 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.
Meanwhile, the country’s imports from Iran increased by 25.3 percent in the 12-month period to $18.579 billion.
Trade turnover between the two countries was $51 billion in 2014, 31 percent more compared to the preceding year.
The figure stood at $34 billion in 2015, indicating a 34 percent plunge.
In 2016, trade turnover between Iran and China stood at $31.2 billion, down 7.7 percent from 2015.