Iran-China nine-month trade surpasses $10b
China’s Customs in its latest report said the trade exchanges between China and Iran in the first nine months of 2023 (January-September) surpassed $10 billion.
The value of the trade exchanges between Iran and China in the first nine months of the current year hit $10.79 billion, showing a 12 percent decline compared to last year’s corresponding period, the report said.
Iran and China had exchanged over $12.32 billion from January to September 2022, Tasnim news agency reported.
China’s exports of products to Iran in the first nine months of 2023 registered an eight percent growth compared to the same period last year, it added.
In this period, China imported $3.29 billion worth of products from Iran, recording a 12 percent decline compared to the same period last year.
China had imported over $5.37 billion worth of products from Iran between January and September 2022.
In this period, the balance of trade between Iran and China stood at $4.21 billion, in favor of China.