Iran exported commodities valued at $10.3 billion to China during the first nine months of the current Iranian calendar year (March 21-Decemebr 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
According to Mohammad Rezvani-Far, China was the top export destination of Iranian goods in the mentioned nine-month period.
Also, exporting commodities valued at $13.7 billion to Iran, China was Iran’s second source of imports in the first nine months of the present year, the IRICA head announced.
According to the data released by China’s customs administration, the Islamic Republic and China traded $15.795 billion worth of commodities in 2022, $1.035 billion more than the figure for 2021.
As reported, China's exports to Iran grew by 14 percent in the period under review compared to the preceding year to reach $9.44 billion. The Asian country exported $8.258 billion worth of goods to Iran in 2021.
The value of Iran’s non-oil exports to China, however, registered a two-percent decrease in 2022, reaching $6.355 billion. Iran exported $6.502 billion worth of goods to China in 2021.
Iran's share of China's total global trade last year was only 0.25 percent. China’s trade with the world reached $6.308 trillion in 2022, of which $3.593 trillion was the share of the country's exports and $2.715 trillion was related to imports. China's global trade grew by 4.4 percent last year.
China is one of Iran’s main trade partners that has maintained strong trade ties with the Islamic Republic despite the strict U.S. sanctions.