The Customs of the People's Republic of China has announced that trade volume between China and Iran exceeded $5 billion during the January-April period.
The latest statistics published by the Chinese customs office show that mutual trade experienced a 4% increase in the first four months of the current year compared with the same period last year, reaching $5.23 billion.
According to the previous figures, the bilateral trade between the two states stood at $5.02 billion in the same period of 2022.
China’s import volume from Iran in the first four months of 2023 decreased by 39% in comparison with the same period last year, reaching $1.52 billion, while the digit was reported to be $2.49 billion in the same period last year.
However, China’s export to Iran increased by 46% in the January-April period of 2023, reaching $3.71 billion, while Chinese businesses exported commodities worth $2.53 billion in the same period in 2022.
According to the statistics, China imported $386 million of goods from Iran in April and exported $797 million of commodities to the Islamic country in the same month, which indicates a 30% decline in terms of imports and a 30 percent increase in terms of export compared with the indices in April 2022.