Iran-China annual non-oil trade stands at $18.7 billion

Iran and China traded 30.12 million tons of non-oil goods worth $18.71 billion in the year ending March 20, 2021.

3 April 2021
ID : 32829
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Iran and China traded 30.12 million tons of non-oil goods worth $18.71 billion in the year ending March 20, 2021.

Shahid Rajaee Port in Iranian southern city of Bandar Abbas.

Iran and China traded 30.12 million tons of non-oil goods worth $18.71 billion in the year ending March 20, 2021. 

This makes China the top trading partner of Iran, even though figures indicate a decline in the volume of their bilateral trade. 

According to the Islamic Republic of Iran Customs Administration, China accounted for 26% of Iran's total non-oil exports, as 26.58 million tons of non-oil goods worth $8.95 billion were shipped from Iran to China during the period.

Pistachio, nuts, minerals, construction materials, methanol, carpet, iron ore, glassware and fruits were the main types of goods exported from Iran to China in the last fiscal year. 

Imports from China totaled 3.54 million tons worth $9.76 billion during the year to March 21, 2021, to account for 10.6% of the total volume of Iran's imports and 25.3% of the total value of imports during the period. 

Industrial machinery and raw materials, medical equipment, paper, wood, textile, auto parts and sports equipment were Iran's main imports from the South Asian state in the fiscal 2020-21. 

Iran’s non-oil trade with the East Asian country declined by over 10% last year, as bilateral trade totaled $20.82 billion in the year ending March 20, 2020.

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