Iran's Non-Oil Trade With China Hits $8.6b
EghtesadOnliner: Iran traded 12.62 million tons of non-oil commodities worth $8.6 billion with China during the first five months of the current fiscal year (March 21-Aug. 22), registering a 15.63% decline in tonnage and a 4.74% growth in value compared with last year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.
Iran’s exports to China stood at 11.15 million tons worth $3.77 billion, down 15.65% in tonnage and up 7.53% in value year-on-year. China was Iran’s top export destination during the period. Iran mainly exported methanol, ethylene glycol and liquefied propane to China during the five-month period. China exported 1.46 million tons of goods worth $4.83 billion to Iran, down 15.47% in tonnage and up 2.66% in value YOY. China was the top exporter of goods to Iran over the five months. The imports mainly included auto parts, screw air compressor elements and equipment. China is Iran’s biggest trading partner, according to Financial Tribune.