Tuesday, March 5, 2024

Iran-China trade at over $10bn in first 9 months of 2021

The volume of trade between Iran and China reached 10,425,000,000 dollars in the first nine months of 2021.

According to figures released by China’s customs administration, bilateral trade decreased 7% compared to the same period in 2020. 

China’s imports from Iran in the January to September period grew 5 percent year on year to reach 4.818 billion dollars. 

But China’s exports to Iran fell by 15% to 5.607 billion dollars. 

China is Iran’s biggest trade partner and remains an important customer of its crude oil even as many other countries avoid buying Iranian oil out of fear of unilateral sanctions imposed by the United States.

The two sides signed a 25-year cooperation agreement this year to strengthen their long-standing economic and political ties. 

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