Economy

Iran-China trade hits $14.8bn in 2021

Trade between Iran and China, in 2021, hovered around $ 14.8 billion, of which $6.5 billion accounted for the latter’s imports from its trade partner.

According to China’s Customs Office, transactions between the two countries showed a less-than-one-percent drop during the 12-month-period over the previous year (2020) when the figure crossed the 14.9-billion-dollar mark.

China’s imports from Iran grew more than 1% in 2021 year on year, reaching $6.5 billion.

China had imported over $6.4 billion worth of goods from Iran in 2020.

Nevertheless, China’s exports to Iran saw a nearly 2% decline between January to December 2021, hitting $8.3 billion.

China had exported to Iran $8.5 billion worth of goods the previous year.

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