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Iran-China trade hits $47.5B in 11 months

Source: Tehran Times

TEHRAN - Trade between Iran and China amounted to $47.5 billion from January to November 2014, a 36 percent rise year on year, according to the Chinese General Administration of Customs.

China exported $22 billion of products to Iran in the eleven-month period, an 87 percent rise compared to $11.7 billion in the same period in 2013, the Tasnim news agency reported on Saturday.

Meanwhile, Iran exported $25.5 billion of products to China, a 10 percent rise compared to $23.1 billion in the same period in 2013, the report added.

China was the leading importer of Iranian non-oil goods in the previous Iranian calendar year, which ended on March 20, 2014, according to the Iran Customs Administration.

Iran exported $7.43 billion of non-oil goods to China and imported $9.66 billion of non-oil goods from the country.

In June 2014, Trade Promotion Organization of Iran Director Valiollah Afkhami-Rad said Iran's annual non-oil exports were projected to rise by 50 percent and hit $47 billion in the current Iranian calendar year.

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