Trade With China Reaches $6.5 Billion in 5 Months

EghtesadOnline: During the first five months of 2023, Iran’s exports totaled $1.9 billion, indicating a 40.5% year-on-year decrease. In return, China exported $4.6 billion worth of goods to Iran, registering a 41.1% increase.

News ID: ۷۵۲۶۱۹

20 June 2023

Iran’s commercial exchanges with its leading trade partner, China, reached $6.5 billion during the first five months of 2023, registering a 0.7% rise compared with the corresponding period of the year before.

Latest data released by China’s General Administration of Customs show Iran’s exports totaled $1.9 billion during the period, indicating a 40.5% year-on-year decrease.

In return, China exported $4.6 billion worth of goods to Iran, registering a 41.1% increase.

Bilateral trade hit $1.27 billion in May 2023 with Iran’s exports at $377.12 million and imports at $893.93 million.

Iran’s trade with China in 2022 stood at $15.79 billion, registering a 7% increase compared with the year before. Iranian exports totaled $6.35 billion last year, indicating a 2.3% year-on-year decrease, while China exported $9.44 billion worth of commodities to Iran, registering a 14.3% increase.