Iran-China trade hits nearly $15.8 billion in 2022

Iran’s trade with its leading trade partner, China, reached $15.79 billion in 2022, registering a 7% rise compared with the corresponding period of the previous year.

18 April 2023
ID : 44611
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Iran’s trade with its leading trade partner, China, reached $15.79 billion in 2022, registering a 7% rise compared with the corresponding period of the previous year.

Data released by China’s General Administration of Customs show Iran’s exports totaled $6.35 billion during the period, indicating a 2.3% decrease.

In return, China exported $9.44 billion worth of goods to Iran, registering a 14.3% rise.

Bilateral trade hit $1.2 billion in December 2022 with Iran’s exports standing at $352.41 million and imports at $893.34 million.

In 2021, bilateral trade stood at $14.78 billion, registering a 1% decrease compared with the year before. Iran’s exports totaled $6.5 billion, indicating a 0.9% year-on-year increase, while China exported $8.28 billion worth of commodities to Iran, registering a 2.5% decrease.

Majidreza Hariri, the chairman of Iran-China Joint Chamber of Commerce, said earlier this month that some 31% of Iranian exports of non-oil products are destined for China.

Also in a meeting in Tehran with the board members and other members of Iran-China Joint Chamber of Commerce, Chinese ambassador to Tehran Chang Hua said that Beijing is committed to facilitating issuance of visa for Iranians willing to visit exhibitions in the country.

China has been Iran’s top trade partner for 10 years in a row, the ambassador said, adding that Beijing welcomes and supports the presence of the Iranian businesspeople in the Chinese trade exhibitions.

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