Apr 20, 2023, 10:25 AM
Journalist ID: 5288
News ID: 85088482
T T
1 Persons

Tags

Iran-China trade exceeds $4bn in March quarter

Apr 20, 2023, 10:25 AM
News ID: 85088482
Iran-China trade exceeds $4bn in March quarter

Tehran, IRNA – Trade exchanges between Iran and China surged past $4 billion in the first quarter of 2023, rising by 5% compared to the same quarter last year, according to latest figures by China’s General Administration of Customs.

The customs figures cited in a Thuresday report by IRNA showed that Iran-China trade exchanges had reached $4.045 billion in the January-March, up from $3.855 billion reported in the same period in 2022.

China imported $1.135 billion worth of goods from Iran during the mentioned period, a decline of 41% year on year. The IRNA blamed a 20% drop in oil prices over the March quarter for the drop in the value of Iranian exports to China over the period.

Meanwhile, China's exports to Iran grew 51% in the first quarter of 2023 as the East Asian country exported $2.910 billion worth of goods to the Islamic Republic over that period.

4194**9417**4261

1 Persons

Your Comment

You are replying to: .