Iran’s transactions with its leading trade partner, China, stood at $9.66 billion in the first seven months of 2022, registering a 22.4% 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 $4.48 billion during the period, indicating a 23.3% year-on-year increase.
In return, China exported $5.18 billion worth of goods to Iran, registering a 21.7% YOY rise.
Bilateral trade hit $1.41 billion in July 2022 with Iran’s exports at $396.89 million and imports at $1.01 billion.
According to China’s General Administration of Customs, Iran’s trade with China in 2021 stood at $14.78 billion, registering a 1% decrease compared with the year before. Iran’s exports totaled $6.5 billion last year, indicating a 0.9% year-on-year increase. In return, China exported $8.28 billion worth of commodities to Iran, registering a 2.5% YOY decrease.