Iran, China 2017 trade up 31%

The total value of bilateral trade between Tehran and Beijing in the first half of 2017 increased by 31 percent compared to the amount for a year earlier, the East Asian country’s customs data showed.

29 July 2017
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The total value of bilateral trade between Tehran and Beijing in the first half of 2017 increased by 31 percent compared to the amount for a year earlier, the East Asian country’s customs data showed.

A general view of Imam Khomeini Port seen in Persian Gulf 900 kms (540 miles) south of Tehran, Iran. Photo: Ap, Hasan Sarbakhshian

The total value of bilateral trade between Tehran and Beijing in the first half of 2017 increased by 31 percent compared to the amount for a year earlier, the East Asian country’s customs data showed.

The value of trade transactions between Iran and China in the first half of 2017 stood at $18 billion, showing a 31 percent increase, compared to the same period in 2016, the latest data released by China’s customs office showed.

The total value of bilateral trade between the two Asian countries from January to June in 2016 had amounted to $13.7 billion, according to the report.

China’s exports to the Islamic Republic in the first half of 2017 also increased by 23 percent compared to the same period in 2016, amounting to $8.8 billion.

The East Asian country’s imports from Iran during the same period grew by 40 percent as well, reaching $9.2 billion. In 2016, China’s imports from Iran stood at $6.5 billion from January to July, the report added. 

Back in January 2016, Iranian President Hassan Rouhani held talks with his Chinese counterpart Xi Jinping in Tehran and said, “We predict that the value of economic exchanges between Tehran and Beijing would rise to $600 billion within the next 10 years”.

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